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

Brunello Cucinelli S.p.A. – Unsponsored ADR (OTCMKTS:BCUCY) was the recipient of a significant drop in short interest in the month of September. As of September 15th, there was short interest totaling 5,878 shares, a drop of 68.8% from the August 31st total of 18,851 shares. Based on an average daily volume of 73,262 shares, the short-interest ratio is presently 0.1 days.

Brunello Cucinelli Trading Down 0.8%

Shares of OTCMKTS BCUCY opened at $9.13 on Friday. Brunello Cucinelli has a 52 week low of $7.87 and a 52 week high of $12.47. The firm has a 50-day moving average price of $9.72 and a 200 day moving average price of $9.51.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Brunello Cucinelli in a research report on Monday, August 3rd. Morgan Stanley reissued an “overweight” rating on shares of Brunello Cucinelli in a report on Monday, June 1st. Finally, Citigroup reaffirmed a “buy” rating on shares of Brunello Cucinelli in a report on Thursday, September 17th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

About Brunello Cucinelli

Brunello Cucinelli S.p.A. is an Italian luxury fashion company founded in 1978 by Brunello Cucinelli. Based in Solomeo, Italy, the company is known for its use of high-quality cashmere and other premium materials, combining traditional craftsmanship with contemporary design.

The company designs, manufactures and distributes luxury apparel, including knitwear, outerwear, jackets, trousers and dresses for women and men. Its product range also includes shoes, handbags, leather goods, accessories and lifestyle items.