Burberry Group PLC (OTCMKTS:BURBY) Sees Significant Drop in Short Interest

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

Burberry Group Trading Up 2.8%

OTCMKTS BURBY opened at $14.16 on Friday. The business’s fifty day simple moving average is $14.92 and its 200-day simple moving average is $15.38. 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 52 week low of $13.30 and a 52 week high of $18.55.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank upgraded Burberry Group to a “hold” rating in a research report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy”.

Burberry Group Company Profile

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.