NEXT plc (OTCMKTS:NXGPF) Short Interest Down 49.1% in August

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

NEXT Price Performance

Shares of OTCMKTS:NXGPF opened at $210.30 on Tuesday. NEXT has a 52 week low of $169.63 and a 52 week high of $210.30. The firm has a 50 day moving average of $201.69 and a 200 day moving average of $190.08.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on NXGPF. Citigroup raised NEXT from a “neutral” rating to a “buy” rating in a research report on Tuesday, August 25th. Morgan Stanley restated an “overweight” rating on shares of NEXT in a research note on Thursday, August 6th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of NEXT in a report on Friday, August 7th. Finally, Investec lowered shares of NEXT from a “buy” rating to a “hold” rating in a research note on Thursday, August 6th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold”.

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.