Short Interest in Burberry Group PLC (OTCMKTS:BURBY) Expands By 1,750.0%

Key Points

• Short interest in Burberry Group PLC surged by 1,750.0% in July, increasing from 2,800 shares to 51,800 shares, reflecting heightened investor activity.
• The company's stock experienced a decline of 1.1%, trading at $15.07, with a 12-month low of $7.38 and a high of $18.55.
• Multiple analysts have recently upgraded Burberry's stock rating, with UBS and Citigroup both raising their ratings to "strong-buy."

Burberry Group PLC (OTCMKTS:BURBY - Get Free Report) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 51,800 shares, anincreaseof1,750.0% from the July 15th total of 2,800 shares. Based on an average trading volume of 132,900 shares, the short-interest ratio is presently 0.4 days. Currently,0.0% of the shares of the company are short sold. Currently,0.0% of the shares of the company are short sold. Based on an average trading volume of 132,900 shares, the short-interest ratio is presently 0.4 days.

Burberry Group Stock Down 1.1%

Burberry Group stock traded down $0.16 during mid-day trading on Thursday, reaching $15.07. The company's stock had a trading volume of 23,717 shares, compared to its average volume of 78,758. Burberry Group has a 12 month low of $7.38 and a 12 month high of $18.55. The business's 50 day simple moving average is $16.13 and its 200 day simple moving average is $13.38. The company has a quick ratio of 0.88, a current ratio of 1.18 and a debt-to-equity ratio of 0.44.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. UBS Group upgraded shares of Burberry Group from a "hold" rating to a "strong-buy" rating in a research note 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. Finally, Citigroup upgraded shares of Burberry Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, one has issued a buy rating and five have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average 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.

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