Burberry Group PLC (OTCMKTS:BURBY) Short Interest Update

Burberry Group PLC (OTCMKTS:BURBY) saw a significant growth in short interest in September. As of September 15th, there was short interest totaling 35,617 shares, a growth of 97.7% from the August 31st total of 18,015 shares. Based on an average daily trading volume, of 116,266 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the shares of the company are short sold.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. HSBC cut Burberry Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 9th. Royal Bank Of Canada cut Burberry Group from a “moderate buy” rating to a “hold” rating in a research report on Tuesday, September 22nd. One research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Burberry Group presently has an average rating of “Moderate Buy”.

Burberry Group Price Performance

BURBY stock opened at $13.50 on Thursday. Burberry Group has a 12-month low of $13.16 and a 12-month high of $18.55. The business’s 50-day moving average is $14.57 and its 200 day moving average is $14.85. The company has a current ratio of 1.09, a quick ratio of 0.80 and a debt-to-equity ratio of 0.06.

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.