NEXT plc (OTCMKTS:NXGPF) Short Interest Up 71.5% in February

NEXT plc (OTCMKTS:NXGPF) was the recipient of a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 1,487 shares, an increase of 71.5% from the January 29th total of 867 shares. Based on an average daily volume of 40 shares, the short-interest ratio is presently 37.2 days. Based on an average daily volume of 40 shares, the short-interest ratio is presently 37.2 days.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group downgraded shares of NEXT from a “buy” rating to a “hold” rating in a report on Sunday, December 14th. Three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

NEXT Price Performance

NXGPF opened at $187.76 on Friday. NEXT has a 12-month low of $121.50 and a 12-month high of $187.78. The firm has a 50 day moving average of $187.76 and a two-hundred day moving average of $178.89.

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.