Short Interest in Burberry Group plc (OTCMKTS:BURBY) Rises By 151.3%

Burberry Group plc (OTCMKTS:BURBY) saw a large increase in short interest in November. As of November 15th, there was short interest totalling 58,800 shares, an increase of 151.3% from the October 31st total of 23,400 shares. Based on an average trading volume of 285,600 shares, the days-to-cover ratio is currently 0.2 days.

Analysts Set New Price Targets

BURBY has been the topic of several research analyst reports. Citigroup upgraded shares of Burberry Group to a “hold” rating in a report on Tuesday, October 1st. Sanford C. Bernstein upgraded Burberry Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 30th. Royal Bank of Canada upgraded Burberry Group from a “sector perform” rating to an “outperform” rating in a report on Wednesday, November 6th. Jefferies Financial Group cut shares of Burberry Group from a “hold” rating to an “underperform” rating in a research note on Friday, September 20th. Finally, UBS Group raised shares of Burberry Group from a “strong sell” rating to a “hold” rating in a research report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Burberry Group has a consensus rating of “Hold”.

Burberry Group Trading Down 1.2 %

Shares of BURBY stock traded down $0.14 during mid-day trading on Thursday, reaching $11.48. The stock had a trading volume of 24,530 shares, compared to its average volume of 149,321. The firm’s 50 day simple moving average is $9.64 and its 200 day simple moving average is $10.44. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.66 and a quick ratio of 1.07. Burberry Group has a one year low of $7.38 and a one year high of $20.05.

Burberry Group Company Profile

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.