Next PLC (OTCMKTS:NXGPY) Short Interest Update

Next PLC (OTCMKTS:NXGPY) was the target of a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 3,123 shares, a decrease of 15.0% from the February 26th total of 3,673 shares. Based on an average daily volume of 1,201 shares, the short-interest ratio is currently 2.6 days. Currently, 0.0% of the shares of the stock are sold short.

Analyst Ratings Changes

NXGPY has been the topic of several recent research reports. Zacks Research lowered shares of Next from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 9th. Jefferies Financial Group downgraded Next from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 15th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Next Trading Up 6.4%

OTCMKTS NXGPY opened at $87.86 on Thursday. The stock’s 50-day moving average price is $88.28 and its two-hundred day moving average price is $89.66. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.16 and a current ratio of 1.74. Next has a 1 year low of $67.72 and a 1 year high of $101.25.

About Next

Next is a UK-based retail group best known for its clothing, footwear and homeware offerings sold through a combination of physical stores, online channels and catalog services. The company markets predominantly its own-label fashion and lifestyle ranges across women’s, men’s and children’s apparel, together with footwear, accessories and home products. Its multi-channel model aims to integrate in-store merchandising with e-commerce and direct-to-consumer catalogue sales to reach a broad customer base.

Operations combine a network of domestic stores in the UK with international presence delivered largely through franchise and partner arrangements, plus a global e-commerce platform that ships to multiple markets.