Short Interest in Burberry Group plc (OTCMKTS:BURBY) Declines By 27.8%

Burberry Group plc (OTCMKTS:BURBY) was the recipient of a large decrease in short interest in the month of December. As of December 15th, there was short interest totalling 53,600 shares, a decrease of 27.8% from the November 30th total of 74,200 shares. Based on an average trading volume of 105,100 shares, the short-interest ratio is currently 0.5 days.

Burberry Group Stock Down 0.4 %

OTCMKTS BURBY traded down $0.05 during trading hours on Friday, reaching $12.16. 35,098 shares of the company traded hands, compared to its average volume of 142,064. The company has a current ratio of 1.66, a quick ratio of 1.07 and a debt-to-equity ratio of 0.26. Burberry Group has a 12 month low of $7.38 and a 12 month high of $18.38. The company has a 50 day moving average of $11.10 and a two-hundred day moving average of $10.15.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on BURBY shares. Royal Bank of Canada raised Burberry Group from a “sector perform” rating to an “outperform” rating in a report on Wednesday, November 6th. Sanford C. Bernstein raised Burberry Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 30th. Citigroup upgraded shares of Burberry Group to a “hold” rating in a research note on Tuesday, October 1st. Jefferies Financial Group lowered Burberry Group from a “hold” rating to an “underperform” rating in a research report on Friday, September 20th. Finally, UBS Group raised shares of Burberry Group from a “strong sell” rating to a “hold” rating in a report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold”.

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.