Brunello Cucinelli S.p.A. – Unsponsored ADR (OTCMKTS:BCUCY) Short Interest Update

Brunello Cucinelli S.p.A. – Unsponsored ADR (OTCMKTS:BCUCY) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 18,851 shares, an increase of 129.3% from the August 15th total of 8,222 shares. Based on an average daily trading volume, of 22,072 shares, the short-interest ratio is currently 0.9 days.

Wall Street Analysts Forecast Growth

BCUCY has been the topic of several analyst reports. Citigroup began coverage on Brunello Cucinelli in a report on Tuesday, August 4th. They issued a “buy” rating on the stock. Morgan Stanley restated an “overweight” rating on shares of Brunello Cucinelli in a report on Monday, June 1st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Brunello Cucinelli in a research report on Monday, August 3rd. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Brunello Cucinelli has an average rating of “Moderate Buy”.

Brunello Cucinelli Trading Down 0.6%

OTCMKTS:BCUCY opened at $8.65 on Wednesday. The company’s 50 day moving average price is $9.75 and its 200-day moving average price is $9.52. Brunello Cucinelli has a 52 week low of $7.87 and a 52 week high of $12.55.

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.