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

Burberry Group plc (OTCMKTS:BURBY) was the target of a large increase in short interest during 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 short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Burberry Group Stock Performance

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

Wall Street Analyst Weigh In

A number of brokerages have weighed in on BURBY. Kepler Capital Markets raised Burberry Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 26th. BNP Paribas upgraded shares of Burberry Group to a “strong-buy” rating in a research report on Tuesday, March 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, 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.