Short Interest in Burberry Group PLC (OTCMKTS:BURBY) Drops By 92.0%

Burberry Group PLC (OTCMKTS:BURBY) was the target of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 7,191 shares, a decline of 92.0% from the May 31st total of 89,630 shares. Based on an average trading volume of 132,088 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

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

Burberry Group Stock Performance

Shares of BURBY stock traded up $0.03 on Thursday, hitting $14.35. The company had a trading volume of 19,271 shares, compared to its average volume of 59,177. Burberry Group has a twelve month low of $13.30 and a twelve month high of $18.55. The company has a 50-day moving average price of $15.52 and a 200-day moving average price of $15.76.

About Burberry Group

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.