Short Interest in Brunello Cucinelli S.p.A. – Unsponsored ADR (OTCMKTS:BCUCY) Increases By 2,320.9%

Brunello Cucinelli S.p.A. – Unsponsored ADR (OTCMKTS:BCUCY) was the target of a large increase in short interest in May. As of May 29th, there was short interest totaling 1,041 shares, an increase of 2,320.9% from the May 14th total of 43 shares. Based on an average daily volume of 19,916 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley reiterated an “overweight” rating on shares of Brunello Cucinelli in a research note on Monday, June 1st. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold”.

Brunello Cucinelli Stock Performance

Shares of Brunello Cucinelli stock traded up $0.21 during trading hours on Tuesday, reaching $9.96. The company’s stock had a trading volume of 102,864 shares, compared to its average volume of 38,650. The firm has a 50 day moving average price of $9.60 and a 200-day moving average price of $9.94. Brunello Cucinelli has a one year low of $7.87 and a one year high of $13.41.

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.