Next PLC (OTCMKTS:NXGPY) Short Interest Down 75.7% in May

Next PLC (OTCMKTS:NXGPY) was the recipient of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 1,361 shares, a decrease of 75.7% from the May 14th total of 5,605 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 1,717 shares, the days-to-cover ratio is presently 0.8 days.

Wall Street Analyst Weigh In

Separately, Zacks Research cut shares of Next from a “strong-buy” rating to a “hold” rating in a report on Monday, March 9th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Next has a consensus rating of “Hold”.

Next Stock Performance

Shares of OTCMKTS NXGPY opened at $93.24 on Wednesday. The company has a 50 day simple moving average of $88.87 and a 200 day simple moving average of $90.14. Next has a 1 year low of $78.67 and a 1 year 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.

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.