Short Interest in Burberry Group plc (OTCMKTS:BURBY) Declines By 21.4%

Burberry Group plc (OTCMKTS:BURBY) saw a significant drop in short interest in September. As of September 30th, there was short interest totalling 4,400 shares, a drop of 21.4% from the September 15th total of 5,600 shares. Based on an average daily trading volume, of 398,900 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

BURBY has been the topic of a number of recent analyst reports. Jefferies Financial Group cut shares of Burberry Group from a “hold” rating to an “underperform” rating in a report on Friday, September 20th. Citigroup upgraded shares of Burberry Group to a “hold” rating in a research note on Tuesday, October 1st.

Burberry Group Price Performance

OTCMKTS BURBY traded down $0.07 during trading hours on Tuesday, reaching $8.58. 86,450 shares of the company’s stock were exchanged, compared to its average volume of 151,300. 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. The firm has a fifty day moving average of $8.65 and a 200-day moving average of $11.45.

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.