Short Interest in Burberry Group PLC (OTCMKTS:BURBY) Grows By 78.3%

Key Points

• Burberry Group PLC experienced a significant increase in short interest, rising 78.3% to a total of 62,600 shares by August 31st.
• The stock has received a consensus rating of "Buy" from analysts, with various ratings ranging from "Strong Buy" to "Sell".
• As of the latest trading session, Burberry's stock price was $15.05, showing a notable fluctuation with a 52-week range between $7.72 and $18.55.

Burberry Group PLC (OTCMKTS:BURBY - Get Free Report) saw a large increase in short interest during the month of August. As of August 31st, there was short interest totaling 62,600 shares, an increase of 78.3% from the August 15th total of 35,100 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 232,900 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 232,900 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.0% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Separately, Barclays upgraded shares of Burberry Group from a "strong sell" rating to a "hold" rating in a research note on Tuesday, May 27th. Five investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Buy".

Burberry Group Price Performance

OTCMKTS:BURBY traded down $0.21 during mid-day trading on Friday, reaching $15.34. 10,035 shares of the company's stock were exchanged, compared to its average volume of 77,209. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.18 and a quick ratio of 0.88. The business's fifty day simple moving average is $16.61 and its two-hundred day simple moving average is $13.72. Burberry Group has a one year low of $7.96 and a one year high of $18.55.

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.