NEXT plc (OTCMKTS:NXGPF – Get Free Report) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 2,903 shares, a growth of 211.1% from the September 15th total of 933 shares. Based on an average daily trading volume, of 522 shares, the short-interest ratio is currently 5.6 days.
NEXT Price Performance
Shares of NXGPF stock remained flat at $189.93 on Tuesday. The company has a 50-day simple moving average of $201.71 and a 200-day simple moving average of $192.33. NEXT has a 12-month low of $169.63 and a 12-month high of $210.30.
Analyst Ratings Changes
Several research firms have recently weighed in on NXGPF. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of NEXT in a report on Friday, August 7th. Citigroup raised shares of NEXT from a “neutral” rating to a “buy” rating in a research report on Tuesday, August 25th. Morgan Stanley restated an “overweight” rating on shares of NEXT in a report on Friday, September 18th. Investec cut shares of NEXT from a “buy” rating to a “hold” rating in a research report on Thursday, August 6th. Finally, Santander raised shares of NEXT to an “outperform” rating in a research report on Friday, September 25th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.
NEXT Company Profile
NEXT plc is a United Kingdom-based retailer that sells clothing, footwear, accessories, home furnishings and related products. The company operates through a combination of physical stores, websites, mobile applications and catalog-based services, offering merchandise under the NEXT brand and selected third-party and partner brands.
NEXT serves customers primarily in the United Kingdom and also sells internationally through its online platforms and overseas operations. Its business includes retail, online and delivery services, financial services for eligible customers, and brand or product-management services provided to partner businesses.
Founded in 1982, NEXT has developed from a primarily store-based retailer into a digital and multichannel group.
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