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

Burberry Group plc (OTCMKTS:BURBY) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 10,700 shares, an increase of 143.2% from the September 30th total of 4,400 shares. Based on an average trading volume of 191,700 shares, the days-to-cover ratio is presently 0.1 days.

Burberry Group Price Performance

Shares of OTCMKTS:BURBY traded up $0.52 during midday trading on Friday, hitting $10.13. 107,394 shares of the stock were exchanged, compared to its average volume of 153,587. Burberry Group has a 52-week low of $7.38 and a 52-week high of $21.67. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.66 and a quick ratio of 1.07. The business’s fifty day simple moving average is $8.68 and its two-hundred day simple moving average is $11.09.

Analysts Set New Price Targets

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

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.