Burberry Group PLC (OTCMKTS:BURBY) Stock Short Interest Jumps 94.3%
by Tristan Rich · The Markets DailyBurberry Group PLC (OTCMKTS:BURBY – Get Free Report) was the recipient of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 69,200 shares, an increase of 94.3% from the September 15th total of 35,617 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 101,222 shares, the days-to-cover ratio is currently 0.7 days.
Burberry Group Stock Up 3.5%
Shares of OTCMKTS BURBY opened at $14.64 on Friday. The company has a quick ratio of 0.80, a current ratio of 1.09 and a debt-to-equity ratio of 0.06. The company has a fifty day moving average price of $14.17 and a 200 day moving average price of $14.84. Burberry Group has a 1-year low of $13.13 and a 1-year high of $18.55.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on BURBY. HSBC downgraded shares of Burberry Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 9th. Royal Bank Of Canada cut Burberry Group from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, September 22nd. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.
Check Out Our Latest Report on Burberry Group
About Burberry Group
Burberry Group plc is a British luxury fashion company founded in 1856 by Thomas Burberry. The company is best known for its outerwear, particularly its trench coats, and for its distinctive check pattern and equestrian knight logo.
Burberry designs, manufactures, and sells luxury apparel, leather goods, accessories, footwear, and beauty products. Its offerings include coats and jackets, handbags, scarves, eyewear, jewelry, and fashion collections for women, men, and children. The company distributes its products through directly operated stores, digital commerce channels, and selected wholesale partners.
Headquartered in London, Burberry serves customers internationally through a network spanning Europe, the Americas, Asia-Pacific, and other global markets.