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

Burberry Group PLC (OTCMKTS:BURBY) was the recipient of a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 3,280 shares, a decline of 68.6% from the June 30th total of 10,452 shares. Based on an average daily trading volume, of 91,833 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Burberry Group Stock Performance

BURBY opened at $14.28 on Tuesday. Burberry Group has a fifty-two week low of $13.30 and a fifty-two week high of $18.55. The firm has a 50-day moving average of $14.91 and a 200 day moving average of $15.33. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.80 and a current ratio of 1.09.

Analyst Ratings Changes

Separately, Berenberg Bank raised Burberry Group to a “hold” rating in a research report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus 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.