Short Interest in Next PLC (OTCMKTS:NXGPY) Declines By 40.0%

Next PLC (OTCMKTS:NXGPY) was the target of a significant drop in short interest in the month of April. As of April 15th, there was short interest totaling 3,280 shares, a drop of 40.0% from the March 31st total of 5,470 shares. Based on an average daily trading volume, of 1,618 shares, the short-interest ratio is currently 2.0 days. Currently, 0.0% of the company’s shares are short sold.

Next Price Performance

OTCMKTS:NXGPY traded down $1.19 during midday trading on Wednesday, reaching $88.16. The company had a trading volume of 393 shares, compared to its average volume of 659. The stock’s fifty day simple moving average is $88.07 and its 200-day simple moving average is $90.73. Next has a 12-month low of $78.67 and a 12-month high of $101.25. The company has a current ratio of 1.76, a quick ratio of 1.15 and a debt-to-equity ratio of 0.80.

Wall Street Analyst Weigh In

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

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.