Short Interest in Burberry Group plc (OTCMKTS:BURBY) Grows By 26.6%

Burberry Group plc (OTCMKTS:BURBY) was the target of a significant growth in short interest in February. As of February 15th, there was short interest totalling 52,900 shares, a growth of 26.6% from the January 31st total of 41,800 shares. Based on an average daily volume of 152,800 shares, the days-to-cover ratio is currently 0.3 days.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on BURBY. Kepler Capital Markets raised shares of Burberry Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 26th. Royal Bank of Canada upgraded Burberry Group from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, November 6th. Finally, UBS Group raised Burberry Group from a “strong sell” rating to a “hold” rating in a research note on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Burberry Group currently has an average rating of “Moderate Buy”.

Burberry Group Stock Performance

OTCMKTS:BURBY opened at $13.98 on Wednesday. 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 has a 1 year low of $7.38 and a 1 year high of $16.69. The firm has a 50 day moving average of $13.31 and a 200-day moving average of $11.06.

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.