Short Interest in Burberry Group PLC (OTCMKTS:BURBY) Increases By 101.6%

Burberry Group PLC (OTCMKTS:BURBY) was the recipient of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 29,996 shares, a growth of 101.6% from the July 30th total of 14,881 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 49,719 shares, the short-interest ratio is presently 0.6 days.

Wall Street Analysts Forecast Growth

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

Burberry Group Price Performance

BURBY opened at $14.65 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.80 and a debt-to-equity ratio of 0.06. The stock has a 50-day moving average price of $14.82 and a 200-day moving average price of $15.12. Burberry Group has a 12-month low of $13.30 and a 12-month high of $18.55.

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.