Burberry Group plc (OTCMKTS:BURBY) Short Interest Update

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on BURBY shares. Citigroup raised shares of Burberry Group to a “hold” rating in a research report on Tuesday, October 1st. 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. Jefferies Financial Group lowered Burberry Group from a “hold” rating to an “underperform” rating in a report on Friday, September 20th. Finally, Sanford C. Bernstein upgraded Burberry Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 30th.

Burberry Group Stock Down 6.2 %

BURBY traded down $0.62 on Wednesday, hitting $9.38. 105,589 shares of the company’s stock traded hands, compared to its average volume of 155,070. The company’s 50 day simple moving average is $8.94 and its 200-day simple moving average is $10.70. Burberry Group has a one year low of $7.38 and a one year high of $21.67. The company has a quick ratio of 1.07, a current ratio of 1.66 and a debt-to-equity ratio of 0.26.

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.