Burberry Group PLC (OTCMKTS:BURBY) Short Interest Up 101.6% in August

Burberry Group PLC (OTCMKTS:BURBY) was the recipient of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 29,996 shares, a growth of 101.6% from the July 30th total of 14,881 shares. Based on an average daily trading volume, of 49,719 shares, the days-to-cover ratio is presently 0.6 days. Currently, 0.0% of the company’s shares are short sold.

Analysts Set New Price Targets

Separately, Berenberg Bank raised Burberry Group to a “hold” rating in a research note on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Burberry Group has a consensus rating of “Buy”.

Burberry Group Stock Performance

OTCMKTS:BURBY opened at $14.65 on Monday. The firm’s fifty day simple moving average is $14.82 and its 200 day simple moving average is $15.11. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.80 and a current ratio of 1.09. Burberry Group has a twelve month low of $13.30 and a twelve month high of $18.55.

Burberry Group Company Profile

Burberry Group plc is a British luxury fashion house renowned for its distinctive designs and iconic outerwear. The company’s product portfolio encompasses ready-to-wear clothing, leather goods, handbags, accessories, footwear, fragrances and beauty items. Burberry is particularly famous for its classic trench coat, crafted from its patented gabardine fabric, and the signature checked pattern that has become a global emblem of luxury.

Founded in 1856 by Thomas Burberry in Basingstoke, England, the company initially specialized in weatherproof garments and outdoor attire.