Short Interest in Burberry Group PLC (OTCMKTS:BURBY) Drops By 92.0%

Burberry Group PLC (OTCMKTS:BURBY) was the target of a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 7,191 shares, a decline of 92.0% from the May 31st total of 89,630 shares. Based on an average trading volume of 132,088 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Burberry Group Stock Performance

BURBY traded up $0.03 on Thursday, reaching $14.35. 19,271 shares of the stock were exchanged, compared to its average volume of 59,177. The company’s 50-day moving average price is $15.52 and its 200 day moving average price is $15.76. Burberry Group has a fifty-two week low of $13.30 and a fifty-two week high of $18.55.

Analysts Set New Price Targets

Separately, Berenberg Bank raised shares of Burberry Group to a “hold” rating in a research report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Burberry Group presently has an average rating of “Buy”.

Burberry Group Company Profile

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.