Burberry Group PLC (OTCMKTS:BURBY) Short Interest Down 32.2% in August

Key Points

• Short interest in Burberry Group PLC decreased by 32.2% in August, falling from 51,800 shares to 35,100 shares, indicating a shift in investor sentiment.
• Analysts have generally upgraded their ratings on Burberry Group, with five analysts giving a Strong Buy rating, contributing to an average rating of Buy for the stock.
• Burberry shares opened at $16.70 and have experienced a 12-month range between a low of $7.38 and a high of $18.55.

Burberry Group PLC (OTCMKTS:BURBY - Get Free Report) saw a significant drop in short interest during the month of August. As of August 15th, there was short interest totaling 35,100 shares, a drop of 32.2% from the July 31st total of 51,800 shares. Based on an average daily volume of 95,700 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 95,700 shares, the short-interest ratio is presently 0.4 days.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. UBS Group upgraded shares of Burberry Group from a "hold" rating to a "strong-buy" rating in a report on Thursday, May 15th. Barclays upgraded shares of Burberry Group from a "strong sell" rating to a "hold" rating in a report on Tuesday, May 27th. Five analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Buy".

Burberry Group Stock Down 3.4%

BURBY traded down $0.53 during trading on Friday, reaching $15.06. 24,743 shares of the stock were exchanged, compared to its average volume of 78,728. Burberry Group has a twelve month low of $7.72 and a twelve month high of $18.55. The stock's 50 day moving average price is $16.78 and its two-hundred day moving average price is $13.68. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.18 and a quick ratio of 0.88.

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.