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

Burberry Group plc (OTCMKTS:BURBY) saw a significant drop in short interest in August. As of August 31st, there was short interest totalling 43,700 shares, a drop of 75.4% from the August 15th total of 177,900 shares. Based on an average trading volume of 296,200 shares, the days-to-cover ratio is currently 0.1 days.

Burberry Group Stock Performance

Shares of BURBY traded up $0.05 during mid-day trading on Thursday, reaching $7.74. 178,974 shares of the stock traded hands, compared to its average volume of 150,756. The stock has a fifty day simple moving average of $9.46 and a 200 day simple moving average of $12.72. Burberry Group has a 12-month low of $7.38 and a 12-month high of $27.32. The company has a current ratio of 1.66, a quick ratio of 1.07 and a debt-to-equity ratio of 0.26.

Burberry Group Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, August 7th. Investors of record on Friday, June 28th were paid a dividend of $0.5158 per share. This is an increase from Burberry Group’s previous dividend of $0.22. The ex-dividend date was Friday, June 28th.

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.