Burberry Group PLC (OTCMKTS:BURBY) Sees Significant Growth in Short Interest

Burberry Group PLC (OTCMKTS:BURBY) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 69,200 shares, a growth of 94.3% from the September 15th total of 35,617 shares. Based on an average daily trading volume, of 101,222 shares, the short-interest ratio is currently 0.7 days. Approximately 0.0% of the company’s stock are short sold.

Burberry Group Price Performance

Shares of Burberry Group stock traded up $0.35 during midday trading on Thursday, hitting $14.50. The company had a trading volume of 204,874 shares, compared to its average volume of 54,848. Burberry Group has a 1-year low of $13.13 and a 1-year high of $18.55. The business’s 50 day simple moving average is $14.20 and its two-hundred day simple moving average is $14.84. The company has a current ratio of 1.09, a quick ratio of 0.80 and a debt-to-equity ratio of 0.06.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Royal Bank Of Canada lowered shares of Burberry Group from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, September 22nd. HSBC downgraded shares of Burberry Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 9th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Burberry Group presently has an average 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.