NEXT plc (OTCMKTS:NXGPF) Short Interest Down 64.0% in December

NEXT plc (OTCMKTS:NXGPF) saw a significant decline in short interest in December. As of December 31st, there was short interest totaling 1,301 shares, a decline of 64.0% from the December 15th total of 3,612 shares. Based on an average daily volume of 29 shares, the short-interest ratio is presently 44.9 days. Based on an average daily volume of 29 shares, the short-interest ratio is presently 44.9 days.

Analysts Set New Price Targets

Several research analysts have recently commented on NXGPF shares. Morgan Stanley reaffirmed an “overweight” rating on shares of NEXT in a research note on Monday, October 27th. Jefferies Financial Group downgraded NEXT from a “buy” rating to a “hold” rating in a research note on Sunday, December 14th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

NEXT Price Performance

Shares of NEXT stock opened at $187.76 on Tuesday. The company has a fifty day moving average of $187.76 and a 200 day moving average of $174.04. NEXT has a fifty-two week low of $121.50 and a fifty-two week high of $187.78.

About NEXT

Next Plc is a British multinational retailer specializing in clothing, footwear and home products. Headquartered in Enderby, Leicestershire, the company operates through a combination of full-price stores, outlet locations and an extensive online platform. Since its launch under the Next brand in 1982, the company has focused on designing and sourcing a wide range of apparel and homeware items for men, women and children.

The company’s core business activities include product design, sourcing and distribution, underpinned by its integrated logistics network.