Burberry Group PLC (OTCMKTS:BURBY) Short Interest Up 353.7% in July

Burberry Group PLC (OTCMKTS:BURBY) was the recipient of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 14,881 shares, an increase of 353.7% from the July 15th total of 3,280 shares. Based on an average daily volume of 100,944 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Analyst Ratings Changes

Separately, Berenberg Bank raised shares of Burberry Group to a “hold” rating in a research report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy”.

Burberry Group Trading Down 0.3%

Shares of OTCMKTS:BURBY opened at $15.75 on Wednesday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.09 and a quick ratio of 0.80. Burberry Group has a 1-year low of $13.30 and a 1-year high of $18.55. The business’s 50 day moving average is $14.97 and its 200-day moving average is $15.21.

Burberry Group Company Profile

Burberry Group plc is a British luxury fashion house renowned for its distinctive designs and iconic outerwear. The company’s product portfolio encompasses ready-to-wear clothing, leather goods, handbags, accessories, footwear, fragrances and beauty items. Burberry is particularly famous for its classic trench coat, crafted from its patented gabardine fabric, and the signature checked pattern that has become a global emblem of luxury.

Founded in 1856 by Thomas Burberry in Basingstoke, England, the company initially specialized in weatherproof garments and outdoor attire.