Next PLC (OTCMKTS:NXGPY) Stock Short Interest Declines 98.1%

Next PLC (OTCMKTS:NXGPY) saw a significant drop in short interest during the month of October. As of October 30th, there was short interest totaling 194 shares, a drop of 98.1% from the October 15th total of 10,081 shares. Based on an average daily trading volume, of 733 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the shares of the company are sold short.

Next Price Performance

Shares of OTCMKTS NXGPY traded up $2.28 during midday trading on Wednesday, hitting $105.58. 211 shares of the stock traded hands, compared to its average volume of 855. The firm has a 50-day moving average of $101.21 and a two-hundred day moving average of $95.52. Next has a one year low of $82.05 and a one year high of $111.55.

Wall Street Analysts Forecast Growth

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

About Next

Next plc is a British retailer of clothing, footwear, accessories and home products. Its NEXT brand sells through physical stores and online, while its digital platforms also offer products from other brands. The company additionally operates brands including Lipsy and provides online retail and logistics services to selected third parties. The business traces its roots to J. Hepworth & Son, a menswear company established in 1864. It adopted the Next name in 1982 as it expanded into fashion retail.