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

Next PLC (OTCMKTS:NXGPY) was the target of a large decline in short interest in May. As of May 29th, there was short interest totaling 1,361 shares, a decline of 75.7% from the May 14th total of 5,605 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,717 shares, the days-to-cover ratio is currently 0.8 days.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered Next from a “strong-buy” rating to a “hold” rating in a research note on Monday, March 9th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Next presently has a consensus rating of “Hold”.

Next Stock Performance

Shares of NXGPY remained flat at $93.24 during trading hours on Friday. The stock had a trading volume of 177 shares, compared to its average volume of 848. The company has a quick ratio of 1.15, a current ratio of 1.76 and a debt-to-equity ratio of 0.80. The firm has a fifty day simple moving average of $89.30 and a two-hundred day simple moving average of $90.17. Next has a twelve month low of $78.67 and a twelve month high of $101.25.

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.