Burberry Group plc (OTCMKTS:BURBY) Short Interest Down 27.8% in December

Burberry Group plc (OTCMKTS:BURBY) was the target of a large drop in short interest in the month of December. As of December 15th, there was short interest totalling 53,600 shares, a drop of 27.8% from the November 30th total of 74,200 shares. Based on an average daily trading volume, of 105,100 shares, the days-to-cover ratio is presently 0.5 days.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on BURBY shares. Sanford C. Bernstein upgraded Burberry Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 30th. UBS Group raised Burberry Group from a “strong sell” rating to a “hold” rating in a research report on Friday, November 15th. Royal Bank of Canada raised Burberry Group from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, November 6th. Citigroup raised Burberry Group to a “hold” rating in a report on Tuesday, October 1st. Finally, Jefferies Financial Group downgraded shares of Burberry Group from a “hold” rating to an “underperform” rating in a report on Friday, September 20th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Burberry Group Stock Performance

OTCMKTS:BURBY traded down $0.05 on Friday, hitting $12.16. The company’s stock had a trading volume of 35,098 shares, compared to its average volume of 142,064. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.66 and a quick ratio of 1.07. Burberry Group has a one year low of $7.38 and a one year high of $18.38. The stock has a fifty day moving average of $11.10 and a two-hundred day moving average of $10.18.

About Burberry Group

Burberry Group plc, together with its subsidiaries, manufactures, retails, and wholesales luxury goods under the Burberry brand. The company operates in two segments, Retail/Wholesale and Licensing. It provides womenswear, menswear, childrenswear, beauty, eyewear, shoes, and accessories, as well as leather goods, such as bags.