Burberry Group PLC (OTCMKTS:BURBY) Short Interest Down 68.6% in July

Burberry Group PLC (OTCMKTS:BURBY) was the target of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 3,280 shares, a decrease of 68.6% from the June 30th total of 10,452 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 91,833 shares, the days-to-cover ratio is presently 0.0 days.

Burberry Group Stock Performance

OTCMKTS BURBY opened at $14.16 on Monday. The company has a current ratio of 1.09, a quick ratio of 0.80 and a debt-to-equity ratio of 0.06. Burberry Group has a 1 year low of $13.30 and a 1 year high of $18.55. The company has a fifty day moving average price of $14.92 and a 200-day moving average price of $15.36.

Analysts Set New Price Targets

Separately, Berenberg Bank raised shares of Burberry Group to a “hold” rating in a research note on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy”.

About Burberry Group

Burberry Group plc is a British luxury fashion house renowned for its distinctive designs and iconic outerwear. The company’s product portfolio encompasses ready-to-wear clothing, leather goods, handbags, accessories, footwear, fragrances and beauty items. Burberry is particularly famous for its classic trench coat, crafted from its patented gabardine fabric, and the signature checked pattern that has become a global emblem of luxury.

Founded in 1856 by Thomas Burberry in Basingstoke, England, the company initially specialized in weatherproof garments and outdoor attire.