Brunello Cucinelli S.p.A. – Unsponsored ADR (OTCMKTS:BCUCY) Sees Significant Increase in Short Interest

Brunello Cucinelli S.p.A. – Unsponsored ADR (OTCMKTS:BCUCY) saw a large increase in short interest in August. As of August 14th, there was short interest totaling 8,222 shares, an increase of 115.6% from the July 30th total of 3,813 shares. Based on an average trading volume of 49,211 shares, the days-to-cover ratio is currently 0.2 days.

Brunello Cucinelli Stock Performance

Shares of BCUCY stock opened at $10.23 on Friday. The business has a 50 day moving average of $9.78 and a two-hundred day moving average of $9.58. Brunello Cucinelli has a 52 week low of $7.87 and a 52 week high of $12.55.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on BCUCY shares. Citigroup began coverage on Brunello Cucinelli in a report on Tuesday, August 4th. They issued a “buy” rating for the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Brunello Cucinelli in a report on Monday, August 3rd. Finally, Morgan Stanley reiterated an “overweight” rating on shares of Brunello Cucinelli in a research note on Monday, June 1st. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

About Brunello Cucinelli

Brunello Cucinelli S.p.A. is an Italian luxury fashion house founded in 1978 by entrepreneur and designer Brunello Cucinelli. Headquartered in the medieval village of Solomeo, near Perugia, the company has built a reputation for its high-end cashmere knitwear and a refined approach to timeless menswear, womenswear and accessories.

The company’s product portfolio encompasses ready-to-wear collections for men and women, accessories such as scarves, hats and bags, footwear and home goods.