Short Interest in Burberry Group plc (OTCMKTS:BURBY) Increases By 26.2%

Burberry Group plc (OTCMKTS:BURBY) was the target of a large growth in short interest in November. As of November 30th, there was short interest totalling 74,200 shares, a growth of 26.2% from the November 15th total of 58,800 shares. Based on an average daily volume of 103,400 shares, the days-to-cover ratio is currently 0.7 days.

Burberry Group Stock Performance

OTCMKTS BURBY opened at $12.37 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.66 and a debt-to-equity ratio of 0.26. The firm’s 50-day moving average is $10.35 and its two-hundred day moving average is $10.29. Burberry Group has a 12 month low of $7.38 and a 12 month high of $20.05.

Analyst Ratings Changes

Several research firms recently commented on BURBY. Citigroup raised Burberry Group to a “hold” rating in a report on Tuesday, October 1st. Jefferies Financial Group cut shares of Burberry Group from a “hold” rating to an “underperform” rating in a research report on Friday, September 20th. Royal Bank of Canada upgraded shares of Burberry Group from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, November 6th. Sanford C. Bernstein upgraded shares of Burberry Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 30th. Finally, UBS Group upgraded shares of Burberry Group from a “strong sell” rating to a “hold” rating in a report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold”.

Burberry Group Company Profile

Burberry Group plc, together with its subsidiaries, manufactures, retails, and wholesales luxury goods under the Burberry brand. The company operates in two segments, Retail/Wholesale and Licensing. It provides womenswear, menswear, childrenswear, beauty, eyewear, shoes, and accessories, as well as leather goods, such as bags.