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

Burberry Group PLC (OTCMKTS:BURBY) was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 14,881 shares, a growth of 353.7% from the July 15th total of 3,280 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 100,944 shares, the days-to-cover ratio is currently 0.1 days.

Analysts Set New Price Targets

Separately, Berenberg Bank upgraded Burberry Group to a “hold” rating in a research report on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy”.

Burberry Group Trading Down 0.3%

Shares of Burberry Group stock opened at $15.75 on Wednesday. The company has a current ratio of 1.09, a quick ratio of 0.80 and a debt-to-equity ratio of 0.06. The company has a 50-day simple moving average of $14.97 and a 200 day simple moving average of $15.21. Burberry Group has a 12-month low of $13.30 and a 12-month high of $18.55.

About Burberry Group

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.