Burberry Group PLC (OTCMKTS:BURBY – Get Free Report) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 18,015 shares, a decrease of 39.9% from the August 15th total of 29,996 shares. Based on an average daily volume of 60,249 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the company’s shares are short sold.
Burberry Group Trading Down 1.7%
OTCMKTS:BURBY opened at $13.27 on Wednesday. Burberry Group has a 12 month low of $13.16 and a 12 month high of $18.55. The company has a quick ratio of 0.80, a current ratio of 1.09 and a debt-to-equity ratio of 0.06. The firm’s 50 day moving average is $14.75 and its 200 day moving average is $14.95.
Analyst Ratings Changes
Separately, HSBC downgraded shares of Burberry Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 9th. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.
Burberry Group Company Profile
Burberry Group plc is a British luxury fashion company founded in 1856 by Thomas Burberry. The company is best known for its outerwear, particularly the Burberry trench coat, and for its distinctive check pattern. Burberry designs, develops and sells luxury apparel, accessories and leather goods, along with footwear, scarves and other fashion products.
Burberry distributes its products through directly operated stores, its e-commerce platform and selected wholesale partners. The company also offers fragrances and beauty products through licensing and commercial partnerships.
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