Short Interest in Burberry Group plc (OTCMKTS:BURBY) Drops By 47.1%

Burberry Group plc (OTCMKTS:BURBY - Get Free Report) was the target of a large decline in short interest in April. As of April 15th, there was short interest totalling 1,800 shares, a decline of 47.1% from the March 31st total of 3,400 shares. Based on an average daily volume of 432,800 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company's stock are sold short.

Burberry Group Stock Down 0.2 %

Shares of BURBY stock traded down $0.02 during trading on Friday, reaching $9.66. The company's stock had a trading volume of 35,294 shares, compared to its average volume of 90,628. Burberry Group has a one year low of $7.38 and a one year high of $15.49. The business has a fifty day moving average price of $10.60 and a 200-day moving average price of $11.57. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.77 and a current ratio of 1.29.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BURBY. Citigroup raised shares of Burberry Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday. BNP Paribas raised Burberry Group to a "strong-buy" rating in a research note on Tuesday, March 11th. Finally, Kepler Capital Markets upgraded Burberry Group from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, one has given a buy rating and four have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Buy".

About Burberry Group

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.