NEXT plc (OTCMKTS:NXGPF) Sees Large Growth in Short Interest

NEXT plc (OTCMKTS:NXGPFGet Free Report) was the target of a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 1,487 shares, a growth of 71.5% from the January 29th total of 867 shares. Based on an average trading volume of 40 shares, the short-interest ratio is currently 37.2 days. Based on an average trading volume of 40 shares, the short-interest ratio is currently 37.2 days.

Analysts Set New Price Targets

Separately, Jefferies Financial Group cut shares of NEXT from a “buy” rating to a “hold” rating in a report on Sunday, December 14th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

View Our Latest Stock Analysis on NXGPF

NEXT Price Performance

OTCMKTS NXGPF opened at $187.76 on Monday. NEXT has a one year low of $121.50 and a one year high of $187.78. The stock’s 50-day moving average is $187.76 and its 200-day moving average is $179.06.

About NEXT

(Get Free Report)

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.

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