Next PLC (OTCMKTS:NXGPY) Short Interest Update

Key Points

• Short interest jumped 75.2% to 5,470 shares as of March 31, lifting the days-to-cover to about 8.2 days based on average daily volume of 667 shares; MarketBeat also reports 0.0% of the company’s shares are short sold.
• Analysts at Jefferies and Zacks downgraded Next from "strong-buy" to Hold, and the stock currently carries an average rating of Hold.
• Next opened at $92.10, trading within a 12‑month range of $76.00–$101.25 with 50‑ and 200‑day moving averages of $87.54 and $90.04, and shows a current ratio of 1.74 and debt/equity of 0.85.

Next PLC (OTCMKTS:NXGPY - Get Free Report) saw a significant increase in short interest in March. As of March 31st, there was short interest totaling 5,470 shares, an increase of 75.2% from the March 15th total of 3,123 shares. Currently, 0.0% of the company's shares are short sold. Based on an average trading volume of 667 shares, the days-to-cover ratio is currently 8.2 days.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Jefferies Financial Group cut shares of Next from a "strong-buy" rating to a "hold" rating in a research report on Monday, December 15th. Zacks Research cut shares of Next from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 9th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of "Hold".

Next Price Performance

OTCMKTS:NXGPY opened at $92.10 on Monday. The company has a 50-day moving average price of $87.54 and a 200-day moving average price of $90.04. Next has a 12 month low of $76.00 and a 12 month high of $101.25. 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 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.

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