Brunello Cucinelli S.p.A. – Unsponsored ADR (OTCMKTS:BCUCY) Sees Large Increase in Short Interest

Brunello Cucinelli S.p.A. – Unsponsored ADR (OTCMKTS:BCUCY) saw a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 12,211 shares, a growth of 1,073.0% from the May 31st total of 1,041 shares. Based on an average daily volume of 48,624 shares, the short-interest ratio is presently 0.3 days.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Brunello Cucinelli in a research note on Friday. They set a “buy” rating for the company. Morgan Stanley reaffirmed an “overweight” rating on shares of Brunello Cucinelli in a research note on Monday, June 1st. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

Brunello Cucinelli Stock Performance

Shares of BCUCY opened at $9.21 on Friday. Brunello Cucinelli has a 12 month low of $7.87 and a 12 month high of $13.40. The stock’s 50-day moving average is $9.77 and its two-hundred day moving average is $9.88.

About Brunello Cucinelli

Brunello Cucinelli S.p.A. is an Italian luxury fashion house founded in 1978 by entrepreneur and designer Brunello Cucinelli. Headquartered in the medieval village of Solomeo, near Perugia, the company has built a reputation for its high-end cashmere knitwear and a refined approach to timeless menswear, womenswear and accessories.

The company’s product portfolio encompasses ready-to-wear collections for men and women, accessories such as scarves, hats and bags, footwear and home goods.