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

Next PLC (OTCMKTS:NXGPY) was the recipient of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 1,488 shares, a drop of 50.9% from the July 30th total of 3,032 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 517 shares, the short-interest ratio is currently 2.9 days.

Next Price Performance

Next stock opened at $111.55 on Friday. Next has a one year low of $78.67 and a one year high of $111.55. 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 stock’s 50 day moving average is $102.69 and its 200 day moving average is $93.55.

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.