Burberry Group PLC (OTCMKTS:BURBY) Sees Large Increase in Short Interest

Burberry Group PLC (OTCMKTS:BURBY) was the recipient of a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 29,996 shares, a growth of 101.6% from the July 30th total of 14,881 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 49,719 shares, the days-to-cover ratio is currently 0.6 days.

Analyst Ratings Changes

Separately, Berenberg Bank upgraded shares of Burberry Group to a “hold” rating in a research note on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy”.

Burberry Group Price Performance

BURBY traded up $0.10 during trading on Friday, reaching $14.65. The company had a trading volume of 19,948 shares, compared to its average volume of 33,122. Burberry Group has a 52 week low of $13.30 and a 52 week high of $18.55. 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 business has a 50 day simple moving average of $14.82 and a 200-day simple moving average of $15.12.

About Burberry Group

Burberry Group plc is a British luxury fashion house renowned for its distinctive designs and iconic outerwear. The company’s product portfolio encompasses ready-to-wear clothing, leather goods, handbags, accessories, footwear, fragrances and beauty items. Burberry is particularly famous for its classic trench coat, crafted from its patented gabardine fabric, and the signature checked pattern that has become a global emblem of luxury.

Founded in 1856 by Thomas Burberry in Basingstoke, England, the company initially specialized in weatherproof garments and outdoor attire.