NEXT plc (OTCMKTS:NXGPF) Short Interest Update

NEXT plc (OTCMKTS:NXGPF) was the recipient of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totalling 4,100 shares, a decrease of 40.6% from the August 15th total of 6,900 shares. Based on an average trading volume of 200 shares, the short-interest ratio is currently 20.5 days.

Shares of NEXT stock remained flat at $$106.21 during trading hours on Monday. The stock had a trading volume of 54 shares, compared to its average volume of 514. The firm has a 50-day moving average of $107.46 and a two-hundred day moving average of $107.74. NEXT has a 1-year low of $79.55 and a 1-year high of $115.00.

A number of research analysts recently commented on NXGPF shares. Berenberg Bank upgraded NEXT from a “sell” rating to a “hold” rating in a report on Wednesday, July 21st. Credit Suisse Group raised NEXT from an “underperform” rating to a “neutral” rating in a research report on Friday, July 30th. Deutsche Bank Aktiengesellschaft began coverage on NEXT in a research report on Wednesday, August 25th. They issued a “buy” rating on the stock. JPMorgan Chase & Co. reissued a “neutral” rating on shares of NEXT in a research report on Tuesday, August 3rd. Finally, Morgan Stanley reissued an “equal weight” rating on shares of NEXT in a research report on Thursday, August 26th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, NEXT presently has an average rating of “Hold”.

About NEXT

Next Plc owns and operates retail stores. It offers fashionable accessories for men, women and children along with home wares. It operates through following business segments: NEXT Retail, NEXT Online, NEXT Finance, NEXT International Retail, NEXT Sourcing, Lipsy, and Property Management. The company was founded by Hepworth Joseph in 1864 and is headquartered in Leicester, the United Kingdom.

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