NEXT plc (OTCMKTS:NXGPF – Get Free Report) saw a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 933 shares, a drop of 49.1% from the July 30th total of 1,833 shares. Based on an average daily volume of 14 shares, the days-to-cover ratio is currently 66.6 days.
NEXT Price Performance
OTCMKTS:NXGPF traded up $3.60 during mid-day trading on Monday, reaching $210.30. The stock had a trading volume of 1 shares, compared to its average volume of 95. NEXT has a twelve month low of $169.63 and a twelve month high of $210.30. The business has a 50 day simple moving average of $201.30 and a 200 day simple moving average of $189.92.
Analysts Set New Price Targets
A number of research firms have recently issued reports on NXGPF. Citigroup raised NEXT from a “neutral” rating to a “buy” rating in a report on Tuesday, August 25th. Investec downgraded NEXT from a “buy” rating to a “hold” rating in a report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of NEXT in a research report on Friday, August 7th. Finally, Morgan Stanley reissued an “overweight” rating on shares of NEXT in a research note on Thursday, August 6th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold”.
NEXT Company Profile
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.
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