Short Interest in Brunello Cucinelli S.p.A. – Unsponsored ADR (OTCMKTS:BCUCY) Drops By 35.9%

Brunello Cucinelli S.p.A. – Unsponsored ADR (OTCMKTS:BCUCY) saw a significant drop in short interest in July. As of July 15th, there was short interest totaling 13,891 shares, a drop of 35.9% from the June 30th total of 21,683 shares. Based on an average daily trading volume, of 34,085 shares, the short-interest ratio is currently 0.4 days.

Brunello Cucinelli Stock Up 0.7%

OTCMKTS BCUCY opened at $10.10 on Friday. The firm’s fifty day moving average price is $9.56 and its 200 day moving average price is $9.52. Brunello Cucinelli has a 12 month low of $7.87 and a 12 month high of $12.55.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Morgan Stanley reaffirmed an “overweight” rating on shares of Brunello Cucinelli in a research report on Monday, June 1st. Deutsche Bank Aktiengesellschaft assumed coverage on Brunello Cucinelli in a research note on Friday, June 26th. They set a “buy” rating for the company. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, Brunello Cucinelli has an average rating of “Moderate Buy”.

Brunello Cucinelli Company Profile

Brunello Cucinelli S.p.A. is an Italian luxury fashion house founded in 1978 by entrepreneur and designer Brunello Cucinelli. Headquartered in the medieval village of Solomeo, near Perugia, the company has built a reputation for its high-end cashmere knitwear and a refined approach to timeless menswear, womenswear and accessories.

The company’s product portfolio encompasses ready-to-wear collections for men and women, accessories such as scarves, hats and bags, footwear and home goods.