Short Interest in Burberry Group plc (OTCMKTS:BURBY) Decreases By 94.1%

Burberry Group plc (OTCMKTS:BURBY) was the target of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 1,500 shares, a decline of 94.1% from the February 28th total of 25,300 shares. Based on an average trading volume of 71,700 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Several brokerages have commented on BURBY. BNP Paribas upgraded Burberry Group to a “strong-buy” rating in a research note on Tuesday, March 11th. Kepler Capital Markets upgraded Burberry Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Burberry Group Price Performance

Shares of OTCMKTS BURBY traded down $0.36 during trading hours on Thursday, hitting $10.19. The company’s stock had a trading volume of 33,908 shares, compared to its average volume of 68,325. Burberry Group has a 12 month low of $7.38 and a 12 month high of $16.00. The company has a quick ratio of 0.77, a current ratio of 1.29 and a debt-to-equity ratio of 0.33. The business has a 50-day simple moving average of $13.39 and a 200-day simple moving average of $11.41.

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.