Next PLC (OTCMKTS:NXGPY) Stock Short Interest Rises 327.2%

Next PLC (OTCMKTS:NXGPY) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 10,081 shares, a growth of 327.2% from the September 30th total of 2,360 shares. Based on an average daily volume of 2,633 shares, the days-to-cover ratio is presently 3.8 days. Currently, 0.0% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Separately, Zacks Research downgraded shares of Next from a “hold” rating to a “strong sell” rating in a research note on Monday, October 12th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Reduce”.

Next Stock Performance

OTCMKTS NXGPY opened at $102.11 on Thursday. Next has a 12 month low of $82.05 and a 12 month high of $111.55. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.76 and a quick ratio of 1.15. The stock has a 50 day moving average of $101.68 and a 200-day moving average of $95.17.

Next Company Profile

Next plc is a United Kingdom-based retailer offering clothing, footwear, accessories, beauty products and home furnishings. The company sells products through its portfolio of retail stores, websites and mobile platforms, serving customers in the U.K. and international markets.

Next also operates as a platform for selected third-party brands, providing services such as online retail, warehousing, delivery and customer support. Its broader activities include finance-related services associated with customer purchases and the licensing of the Next brand to international partners.

The company traces its origins to J.