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

NEXT plc (OTCMKTS:NXGPF) saw a large decline in short interest in 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 trading volume, of 14 shares, the days-to-cover ratio is currently 66.6 days.

NEXT Price Performance

NXGPF opened at $206.70 on Friday. NEXT has a 12-month low of $169.63 and a 12-month high of $206.70. The business’s fifty day simple moving average is $201.30 and its 200-day simple moving average is $189.90.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on NXGPF shares. Morgan Stanley reaffirmed an “overweight” rating on shares of NEXT in a report on Thursday, August 6th. Investec lowered NEXT from a “buy” rating to a “hold” rating in a report on Thursday, August 6th. Citigroup upgraded shares of NEXT from a “neutral” rating to a “buy” rating in a report on Tuesday, August 25th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of NEXT in a report on Friday, August 7th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold”.

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.