Burberry Group plc (OTCMKTS:BURBY) Sees Significant Decrease in Short Interest

Burberry Group plc (OTCMKTS:BURBYGet Free Report) was the recipient of a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 25,300 shares, a decrease of 52.2% from the February 13th total of 52,900 shares. Based on an average trading volume of 131,200 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the shares of the stock are sold short.

Burberry Group Price Performance

Shares of BURBY opened at $12.32 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.77 and a current ratio of 1.29. The business has a fifty day moving average of $13.49 and a 200 day moving average of $11.27. Burberry Group has a 52-week low of $7.38 and a 52-week high of $16.59.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on BURBY. Kepler Capital Markets upgraded Burberry Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 26th. BNP Paribas upgraded Burberry Group to a “strong-buy” rating in a research report on Tuesday, March 11th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Read Our Latest Stock Report on Burberry Group

Burberry Group Company Profile

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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.

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