Burberry Group PLC (OTCMKTS:BURBY – Get Free Report) was the recipient of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 35,617 shares, an increase of 97.7% from the August 31st total of 18,015 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 116,266 shares, the days-to-cover ratio is currently 0.3 days.
Burberry Group Stock Performance
Shares of BURBY stock opened at $13.62 on Wednesday. The company’s fifty day simple moving average is $14.58 and its two-hundred day simple moving average is $14.86. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.09 and a quick ratio of 0.80. Burberry Group has a 1 year low of $13.16 and a 1 year high of $18.55.
Wall Street Analysts Forecast Growth
A number of 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 lowered Burberry Group from a “moderate buy” rating to a “hold” rating in a report on Tuesday, September 22nd. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.
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 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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