Brunello Cucinelli S.p.A. – Unsponsored ADR (OTCMKTS:BCUCY) Stock Short Interest Rises 349.4%

Brunello Cucinelli S.p.A. – Unsponsored ADR (OTCMKTS:BCUCY) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 12,340 shares, an increase of 349.4% from the September 30th total of 2,746 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 78,157 shares, the short-interest ratio is presently 0.2 days.

Brunello Cucinelli Stock Down 0.2%

BCUCY opened at $9.38 on Thursday. Brunello Cucinelli has a fifty-two week low of $7.87 and a fifty-two week high of $12.47. The business has a 50-day moving average of $9.37 and a 200-day moving average of $9.54.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on BCUCY. Citigroup reissued a “buy” rating on shares of Brunello Cucinelli in a research report on Tuesday, October 20th. The Goldman Sachs Group began coverage on Brunello Cucinelli in a research report on Sunday, October 4th. They set a “hold” rating for the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Brunello Cucinelli in a research report on Monday, August 3rd. Finally, Royal Bank Of Canada raised Brunello Cucinelli from a “hold” rating to a “moderate buy” rating in a research note on Monday, October 5th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

About Brunello Cucinelli

Brunello Cucinelli S.p.A. is an Italian luxury fashion company specializing in high-end apparel and accessories. The company is particularly known for its cashmere products, as well as collections of clothing, footwear, handbags, leather goods and other lifestyle items for men and women.

Brunello Cucinelli founded the company in 1978, initially focusing on colored cashmere. The business is headquartered in Solomeo, Italy, a village closely associated with the company’s manufacturing, design and corporate activities.