Burberry Group plc (OTCMKTS:BURBY) Short Interest Update

Burberry Group plc (OTCMKTS:BURBY) saw a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 1,500 shares, a drop of 94.1% from the February 28th total of 25,300 shares. Based on an average daily volume of 71,700 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

Analysts Set New Price Targets

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

Burberry Group Price Performance

Shares of BURBY stock traded down $0.36 on Wednesday, reaching $10.19. 33,908 shares of the company’s stock were exchanged, compared to its average volume of 68,325. The company’s fifty day simple moving average is $13.42 and its 200 day simple moving average is $11.41. Burberry Group has a 52 week low of $7.38 and a 52 week high of $16.00. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.29 and a quick ratio of 0.77.

About Burberry Group

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.