Short Interest in Burberry Group plc (OTCMKTS:BURBY) Increases By 151.3%

Burberry Group plc (OTCMKTS:BURBY) saw a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 58,800 shares, a growth of 151.3% from the October 31st total of 23,400 shares. Based on an average trading volume of 285,600 shares, the short-interest ratio is presently 0.2 days.

Wall Street Analyst Weigh In

BURBY has been the subject of a number of analyst reports. Jefferies Financial Group downgraded Burberry Group from a “hold” rating to an “underperform” rating in a research note on Friday, September 20th. UBS Group raised Burberry Group from a “strong sell” rating to a “hold” rating in a research report on Friday, November 15th. Citigroup raised shares of Burberry Group to a “hold” rating in a report on Tuesday, October 1st. 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. Finally, Sanford C. Bernstein upgraded shares of Burberry Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 30th. One investment 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Burberry Group Price Performance

Shares of BURBY traded down $0.14 on Thursday, reaching $11.48. 24,530 shares of the company’s stock traded hands, compared to its average volume of 149,321. The stock’s 50 day simple moving average is $9.64 and its two-hundred day simple moving average is $10.44. Burberry Group has a 52-week low of $7.38 and a 52-week high of $20.05. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.07 and a current ratio of 1.66.

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.