Short Interest in Burberry Group plc (OTCMKTS:BURBY) Increases By 143.2%

Burberry Group plc (OTCMKTS:BURBY) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 10,700 shares, an increase of 143.2% from the September 30th total of 4,400 shares. Based on an average daily volume of 191,700 shares, the days-to-cover ratio is currently 0.1 days.

Burberry Group Trading Up 5.4 %

Shares of BURBY stock opened at $10.13 on Friday. The company’s 50-day moving average price is $8.66 and its 200-day moving average price is $11.15. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.66 and a quick ratio of 1.07. Burberry Group has a twelve month low of $7.38 and a twelve month high of $21.67.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Citigroup raised shares of Burberry Group to a “hold” rating in a research note on Tuesday, October 1st. Jefferies Financial Group cut shares of Burberry Group from a “hold” rating to an “underperform” rating in a research report on Friday, September 20th.

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.