NEXT plc (OTCMKTS:NXGPF) Short Interest Down 71.1% in December

NEXT plc (OTCMKTS:NXGPF) was the recipient of a significant decline in short interest in the month of December. As of December 15th, there was short interest totaling 3,612 shares, a decline of 71.1% from the November 30th total of 12,491 shares. Based on an average trading volume of 15 shares, the short-interest ratio is presently 240.8 days. Based on an average trading volume of 15 shares, the short-interest ratio is presently 240.8 days.

NEXT Stock Performance

OTCMKTS NXGPF opened at $187.76 on Thursday. NEXT has a fifty-two week low of $121.50 and a fifty-two week high of $187.78. The business has a 50 day moving average price of $183.22 and a two-hundred day moving average price of $172.08.

Analyst Ratings Changes

Several equities analysts have recently weighed in on NXGPF shares. Jefferies Financial Group lowered NEXT from a “buy” rating to a “hold” rating in a research note on Sunday, December 14th. Morgan Stanley restated an “overweight” rating on shares of NEXT in a report on Monday, October 27th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, NEXT currently has an average rating of “Moderate Buy”.

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.