Brunello Cucinelli S.p.A. – Unsponsored ADR (OTCMKTS:BCUCY) Short Interest Up 129.3% in August

Brunello Cucinelli S.p.A. – Unsponsored ADR (OTCMKTS:BCUCY) was the target of a large increase in short interest in August. As of August 31st, there was short interest totaling 18,851 shares, an increase of 129.3% from the August 15th total of 8,222 shares. Based on an average daily volume of 22,072 shares, the days-to-cover ratio is currently 0.9 days.

Analysts Set New Price Targets

BCUCY has been the topic of several analyst reports. Morgan Stanley reaffirmed an “overweight” rating on shares of Brunello Cucinelli in a research report on Monday, June 1st. Citigroup started coverage on shares of Brunello Cucinelli in a research note on Tuesday, August 4th. They issued a “buy” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Brunello Cucinelli in a research report on Monday, August 3rd. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Brunello Cucinelli Stock Performance

Shares of BCUCY opened at $8.87 on Monday. The stock has a 50 day simple moving average of $9.78 and a 200 day simple moving average of $9.54. Brunello Cucinelli has a 52-week low of $7.87 and a 52-week high of $12.55.

Brunello Cucinelli Company Profile

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.