Burberry Group plc (OTCMKTS:BURBY – Get 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”.
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.
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