Short Interest in NEXT plc (OTCMKTS:NXGPF) Expands By 71.5%

NEXT plc (OTCMKTS:NXGPF) was the recipient of a significant growth in short interest in February. As of February 13th, there was short interest totaling 1,487 shares, a growth of 71.5% from the January 29th total of 867 shares. Based on an average trading volume of 40 shares, the days-to-cover ratio is currently 37.2 days. Based on an average trading volume of 40 shares, the days-to-cover ratio is currently 37.2 days.

NEXT Stock Performance

Shares of NEXT stock opened at $187.76 on Friday. The company has a 50-day simple moving average of $187.76 and a two-hundred day simple moving average of $178.89. NEXT has a one year low of $121.50 and a one year high of $187.78.

Analysts Set New Price Targets

Separately, Jefferies Financial Group downgraded shares of NEXT from a “buy” rating to a “hold” rating in a research report on Sunday, December 14th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

About NEXT

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.