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

Burberry Group plc (OTCMKTS:BURBY) was the recipient of a large decline in short interest in the month of December. As of December 15th, there was short interest totalling 53,600 shares, a decline of 27.8% from the November 30th total of 74,200 shares. Based on an average daily volume of 105,100 shares, the days-to-cover ratio is currently 0.5 days.

Burberry Group Price Performance

BURBY traded down $0.10 during trading hours on Monday, reaching $12.06. 82,758 shares of the company’s stock traded hands, compared to its average volume of 141,827. The firm has a 50-day moving average price of $11.17 and a 200 day moving average price of $10.15. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.66 and a quick ratio of 1.07. Burberry Group has a 52-week low of $7.38 and a 52-week high of $18.19.

Analysts Set New Price Targets

BURBY has been the topic of several analyst reports. Sanford C. Bernstein raised Burberry Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 30th. Royal Bank of Canada raised shares of Burberry Group from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, November 6th. Jefferies Financial Group lowered 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 report on Tuesday, October 1st. Finally, UBS Group raised shares of Burberry Group from a “strong sell” rating to a “hold” rating in a research note on Friday, November 15th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold”.

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.