Burberry Group PLC (OTCMKTS:BURBY) Stock Short Interest Rises 94.3%

Burberry Group PLC (OTCMKTS:BURBY) saw a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 69,200 shares, a growth of 94.3% from the September 15th total of 35,617 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 101,222 shares, the days-to-cover ratio is currently 0.7 days.

Burberry Group Stock Up 0.1%

BURBY stock opened at $13.78 on Wednesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.80 and a current ratio of 1.09. The business has a fifty day simple moving average of $14.24 and a 200-day simple moving average of $14.83. Burberry Group has a 52 week low of $13.13 and a 52 week high of $18.55.

Analyst Ratings Changes

BURBY has been the subject of a number of research analyst reports. Royal Bank Of Canada downgraded shares of Burberry Group from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, September 22nd. HSBC downgraded shares of Burberry Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 9th. One research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Burberry Group has a consensus 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 its trench coats, and for its distinctive check pattern and equestrian knight logo.

Burberry designs, manufactures, and sells luxury apparel, leather goods, accessories, footwear, and beauty products. Its offerings include coats and jackets, handbags, scarves, eyewear, jewelry, and fashion collections for women, men, and children. The company distributes its products through directly operated stores, digital commerce channels, and selected wholesale partners.

Headquartered in London, Burberry serves customers internationally through a network spanning Europe, the Americas, Asia-Pacific, and other global markets.