Burberry Group plc (OTCMKTS:BURBY) Short Interest Update

Burberry Group plc (OTCMKTS:BURBY) was the target of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 3,400 shares, an increase of 126.7% from the March 15th total of 1,500 shares. Based on an average daily volume of 101,900 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Burberry Group Stock Performance

BURBY opened at $8.67 on Friday. The firm has a 50-day simple moving average of $11.66 and a two-hundred day simple moving average of $11.47. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.29 and a quick ratio of 0.77. Burberry Group has a 52 week low of $7.38 and a 52 week high of $15.49.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Kepler Capital Markets upgraded shares of Burberry Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 26th. BNP Paribas raised Burberry Group to a “strong-buy” rating in a research note on Tuesday, March 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, Burberry Group presently has a consensus rating of “Moderate Buy”.

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.