Short Interest in Burberry Group plc (OTCMKTS:BURBY) Drops By 28.8%

Burberry Group plc (OTCMKTS:BURBY) saw a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 41,800 shares, a drop of 28.8% from the January 15th total of 58,700 shares. Based on an average daily volume of 186,700 shares, the days-to-cover ratio is presently 0.2 days.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. UBS Group raised shares of Burberry Group from a “strong sell” rating to a “hold” rating in a research report on Friday, November 15th. Sanford C. Bernstein raised shares of Burberry Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 30th. Finally, Royal Bank of Canada raised shares of Burberry Group from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold”.

Burberry Group Price Performance

BURBY stock traded up $0.58 on Friday, reaching $14.97. 297,829 shares of the company were exchanged, compared to its average volume of 78,474. Burberry Group has a 12 month low of $7.38 and a 12 month high of $17.32. The stock’s fifty day moving average price is $12.84 and its 200 day moving average price is $10.62. The company has a current ratio of 1.29, a quick ratio of 0.77 and a debt-to-equity ratio of 0.33.

Burberry Group Company Profile

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.