Short Interest in NEXT plc (OTCMKTS:NXGPF) Decreases By 40.7%

NEXT plc (OTCMKTS:NXGPF) was the recipient of a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 867 shares, a decrease of 40.7% from the January 15th total of 1,463 shares. Based on an average daily trading volume, of 161 shares, the days-to-cover ratio is presently 5.4 days. Based on an average daily trading volume, of 161 shares, the days-to-cover ratio is presently 5.4 days.

Analyst Upgrades and Downgrades

A number of brokerages have commented on NXGPF. Jefferies Financial Group downgraded NEXT from a “buy” rating to a “hold” rating in a research note on Sunday, December 14th. Morgan Stanley reiterated an “overweight” rating on shares of NEXT in a report on Monday, October 27th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, NEXT presently has an average rating of “Moderate Buy”.

NEXT Stock Performance

NXGPF stock remained flat at $187.76 during trading on Friday. NEXT has a 1-year low of $121.50 and a 1-year high of $187.78. The business has a 50 day simple moving average of $187.76 and a 200 day simple moving average of $177.29.

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.