Burberry Group plc (OTCMKTS:BURBY) Short Interest Update

Burberry Group plc (OTCMKTS:BURBY) was the target of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 23,400 shares, a growth of 118.7% from the October 15th total of 10,700 shares. Based on an average daily volume of 357,000 shares, the short-interest ratio is currently 0.1 days.

Burberry Group Stock Performance

Shares of OTCMKTS BURBY traded up $1.68 during mid-day trading on Friday, hitting $11.05. 372,078 shares of the company’s stock traded hands, compared to its average volume of 152,577. The company’s 50-day moving average is $9.02 and its two-hundred day moving average is $10.69. The company has a quick ratio of 1.07, a current ratio of 1.66 and a debt-to-equity ratio of 0.26. Burberry Group has a 1 year low of $7.38 and a 1 year high of $21.67.

Wall Street Analyst Weigh In

BURBY has been the subject of several research reports. Citigroup raised shares of Burberry Group to a “hold” rating in a report on Tuesday, October 1st. Jefferies Financial Group downgraded shares of Burberry Group from a “hold” rating to an “underperform” rating in a report on Friday, September 20th. Sanford C. Bernstein raised shares of Burberry Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 30th. Finally, Royal Bank of Canada raised shares of Burberry Group from a “sector perform” rating to an “outperform” rating in a report on Wednesday, November 6th.

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.