Next PLC (OTCMKTS:NXGPY) Sees Large Increase in Short Interest

Next PLC (OTCMKTS:NXGPY – Get Free Report) was the target of a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 10,081 shares, an increase of 327.2% from the September 30th total of 2,360 shares. Based on an average daily volume of 2,633 shares, the days-to-cover ratio is presently 3.8 days. Approximately 0.0% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered Next from a “hold” rating to a “strong sell” rating in a research note on Monday, October 12th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Next presently has a consensus rating of “Reduce”.

View Our Latest Research Report on Next

Next Trading Down 1.5%

Shares of NXGPY stock opened at $102.11 on Wednesday. Next has a 1 year low of $82.05 and a 1 year high of $111.55. The firm’s fifty day moving average price is $101.71 and its two-hundred day moving average price is $95.16.

Next Company Profile

(Get Free Report)

Next plc is a United Kingdom-based retailer offering clothing, footwear, accessories, beauty products and home furnishings. The company sells products through its portfolio of retail stores, websites and mobile platforms, serving customers in the U.K. and international markets.

Next also operates as a platform for selected third-party brands, providing services such as online retail, warehousing, delivery and customer support. Its broader activities include finance-related services associated with customer purchases and the licensing of the Next brand to international partners.

The company traces its origins to J.

Further Reading

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