Burberry Group plc (OTCMKTS:BURBY) Sees Large Increase in Short Interest

Burberry Group plc (OTCMKTS:BURBY) saw a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 58,800 shares, an increase of 151.3% from the October 31st total of 23,400 shares. Based on an average daily trading volume, of 285,600 shares, the short-interest ratio is presently 0.2 days.

Analyst Upgrades and Downgrades

BURBY has been the topic of several analyst reports. UBS Group upgraded 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 report on Wednesday, November 6th. Sanford C. Bernstein raised shares of Burberry Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 30th. Citigroup raised shares of Burberry Group to a “hold” rating in a research note on Tuesday, October 1st. Finally, Jefferies Financial Group lowered shares of Burberry Group from a “hold” rating to an “underperform” rating in a research note on Friday, September 20th. One equities research 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 company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Burberry Group Price Performance

OTCMKTS:BURBY traded down $0.04 during mid-day trading on Friday, reaching $11.44. 13,849 shares of the stock were exchanged, compared to its average volume of 148,734. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.66 and a quick ratio of 1.07. The business has a fifty day moving average price of $9.70 and a 200 day moving average price of $10.44. Burberry Group has a 1-year low of $7.38 and a 1-year high of $20.05.

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.