Burberry Group plc (OTCMKTS:BURBY) Sees Large Decline in Short Interest

Burberry Group plc (OTCMKTS:BURBY) was the target of a significant decline in short interest in March. As of March 15th, there was short interest totalling 1,500 shares, a decline of 94.1% from the February 28th total of 25,300 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 71,700 shares, the days-to-cover ratio is currently 0.0 days.

Burberry Group Trading Up 4.6 %

Shares of OTCMKTS BURBY traded up $0.47 during trading on Friday, hitting $10.66. The company had a trading volume of 73,021 shares, compared to its average volume of 68,406. The stock has a fifty day simple moving average of $13.36 and a two-hundred day simple moving average of $11.40. The company has a quick ratio of 0.77, a current ratio of 1.29 and a debt-to-equity ratio of 0.33. Burberry Group has a fifty-two week low of $7.38 and a fifty-two week high of $16.00.

Wall Street Analyst Weigh In

BURBY has been the topic of several research analyst reports. BNP Paribas upgraded Burberry Group to a “strong-buy” rating in a research note on Tuesday, March 11th. Kepler Capital Markets raised Burberry Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate 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.