Next PLC (OTCMKTS:NXGPY) Short Interest Update

Key Points

• Short interest fell by 15.0% to 3,123 shares as of March 13, with a short-interest ratio of about 2.6 days and approximately 0.0% of shares reported short.
• NXGPY opened at $82.55 and trades below its 50‑day and 200‑day moving averages of $88.57 and $89.66, respectively, with a 52‑week range of $67.72 to $101.25.
• Analysts have recently downgraded Next (Jefferies and Zacks), leaving the consensus rating at "Hold".

Next PLC (OTCMKTS:NXGPY - Get Free Report) was the target of a large decrease in short interest in 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 trading volume, of 1,201 shares, the short-interest ratio is presently 2.6 days. Approximately 0.0% of the shares of the stock are short sold.

Next Price Performance

NXGPY stock opened at $82.55 on Tuesday. The business has a fifty day moving average price of $88.57 and a 200 day moving average price of $89.66. The company has a quick ratio of 1.16, a current ratio of 1.74 and a debt-to-equity ratio of 0.85. Next has a fifty-two week low of $67.72 and a fifty-two week high of $101.25.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Jefferies Financial Group downgraded Next from a "strong-buy" rating to a "hold" rating in a research report on Monday, December 15th. Zacks Research lowered Next from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 9th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Hold".

Next Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.