Brunello Cucinelli S.p.A. – Unsponsored ADR (OTCMKTS:BCUCY) Stock Short Interest Drops 53.3%

Brunello Cucinelli S.p.A. – Unsponsored ADR (OTCMKTS:BCUCY) was the target of a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 2,746 shares, a drop of 53.3% from the September 15th total of 5,878 shares. Based on an average trading volume of 44,740 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Brunello Cucinelli Stock Up 1.5%

BCUCY stock opened at $9.24 on Thursday. The business’s 50-day moving average price is $9.52 and its 200-day moving average price is $9.58. Brunello Cucinelli has a twelve month low of $7.87 and a twelve month high of $12.47.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on BCUCY shares. Royal Bank Of Canada raised shares of Brunello Cucinelli from a “hold” rating to a “moderate buy” rating in a research report on Monday, October 5th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Brunello Cucinelli in a research note on Monday, August 3rd. The Goldman Sachs Group started coverage on Brunello Cucinelli in a report on Sunday, October 4th. They issued a “hold” rating on the stock. Finally, Citigroup reiterated a “buy” rating on shares of Brunello Cucinelli in a research report on Thursday, September 17th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

About Brunello Cucinelli

Brunello Cucinelli S.p.A. is an Italian luxury fashion company specializing in high-end apparel and accessories. The company is particularly known for its cashmere products, as well as collections of clothing, footwear, handbags, leather goods and other lifestyle items for men and women.

Brunello Cucinelli founded the company in 1978, initially focusing on colored cashmere. The business is headquartered in Solomeo, Italy, a village closely associated with the company’s manufacturing, design and corporate activities.