Short Interest in NEXT plc (OTCMKTS:NXGPF) Declines By 49.1%

NEXT plc (OTCMKTS:NXGPF) was the target of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 933 shares, a drop of 49.1% from the July 30th total of 1,833 shares. Based on an average trading volume of 14 shares, the short-interest ratio is currently 66.6 days.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on NXGPF shares. Citigroup raised NEXT from a “neutral” rating to a “buy” rating in a research note on Tuesday, August 25th. Investec lowered shares of NEXT from a “buy” rating to a “hold” rating in a report on Thursday, August 6th. Morgan Stanley restated an “overweight” rating on shares of NEXT in a research note on Thursday, August 6th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of NEXT in a research note on Friday, August 7th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

NEXT Price Performance

Shares of NXGPF opened at $206.70 on Friday. NEXT has a one year low of $169.63 and a one year high of $206.70. The business has a fifty day moving average of $201.30 and a 200 day moving average of $189.90.

NEXT Company Profile

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.