Brunello Cucinelli S.p.A. – Unsponsored ADR (OTCMKTS:BCUCY) Short Interest Up 115.6% in August

Brunello Cucinelli S.p.A. – Unsponsored ADR (OTCMKTS:BCUCY) was the target of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 8,222 shares, a growth of 115.6% from the July 30th total of 3,813 shares. Based on an average daily trading volume, of 49,211 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analyst Weigh In

BCUCY has been the subject of a number of recent research reports. Citigroup started coverage on shares of Brunello Cucinelli in a research report on Tuesday, August 4th. They set a “buy” rating for the company. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Brunello Cucinelli in a report on Monday, August 3rd. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Brunello Cucinelli in a report on Monday, June 1st. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Brunello Cucinelli Stock Performance

BCUCY stock opened at $10.23 on Monday. Brunello Cucinelli has a 1 year low of $7.87 and a 1 year high of $12.55. The stock’s fifty day moving average is $9.78 and its two-hundred day moving average is $9.58.

About Brunello Cucinelli

Brunello Cucinelli S.p.A. is an Italian luxury fashion house founded in 1978 by entrepreneur and designer Brunello Cucinelli. Headquartered in the medieval village of Solomeo, near Perugia, the company has built a reputation for its high-end cashmere knitwear and a refined approach to timeless menswear, womenswear and accessories.

The company’s product portfolio encompasses ready-to-wear collections for men and women, accessories such as scarves, hats and bags, footwear and home goods.