Next PLC (OTCMKTS:NXGPY) Short Interest Up 77.2% in December

Next PLC (OTCMKTS:NXGPY) saw a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 498 shares, a growth of 77.2% from the December 15th total of 281 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 282 shares, the days-to-cover ratio is currently 1.8 days. Based on an average trading volume of 282 shares, the days-to-cover ratio is currently 1.8 days. Currently, 0.0% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

NXGPY has been the topic of several research analyst reports. Zacks Research raised Next from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 12th. Jefferies Financial Group cut shares of Next from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 15th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy”.

Next Trading Up 1.2%

Shares of OTCMKTS NXGPY traded up $1.14 on Friday, hitting $92.59. The company had a trading volume of 639 shares, compared to its average volume of 162. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.74 and a quick ratio of 1.16. Next has a 12-month low of $58.17 and a 12-month high of $101.25. The business has a 50 day moving average of $93.19 and a two-hundred day moving average of $87.53.

About Next

Next is a UK-based retail group best known for its clothing, footwear and homeware offerings sold through a combination of physical stores, online channels and catalog services. The company markets predominantly its own-label fashion and lifestyle ranges across women’s, men’s and children’s apparel, together with footwear, accessories and home products. Its multi-channel model aims to integrate in-store merchandising with e-commerce and direct-to-consumer catalogue sales to reach a broad customer base.

Operations combine a network of domestic stores in the UK with international presence delivered largely through franchise and partner arrangements, plus a global e-commerce platform that ships to multiple markets.