Burberry Group PLC (OTCMKTS:BURBY) Stock Short Interest Rises 94.3%

Burberry Group PLC (OTCMKTS:BURBY) was the target of a significant increase in short interest during 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 shares of the stock are sold short. Based on an average trading volume of 101,222 shares, the short-interest ratio is presently 0.7 days.

Burberry Group Price Performance

BURBY stock opened at $13.78 on Wednesday. The company has a quick ratio of 0.80, a current ratio of 1.09 and a debt-to-equity ratio of 0.06. Burberry Group has a one year low of $13.13 and a one year high of $18.55. The company has a 50 day moving average price of $14.24 and a two-hundred day moving average price of $14.83.

Wall Street Analyst Weigh In

BURBY has been the subject of several analyst reports. 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 shares of Burberry Group from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, September 22nd. One research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Burberry Group currently has a consensus rating of “Moderate Buy”.

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.