Burberry Group plc (OTCMKTS:BURBY) Sees Significant Increase in Short Interest

Burberry Group plc (OTCMKTS:BURBY) was the recipient of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 23,400 shares, a growth of 118.7% from the October 15th total of 10,700 shares. Based on an average daily trading volume, of 357,000 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on BURBY. Citigroup raised shares of Burberry Group to a “hold” rating in a research report on Tuesday, October 1st. Royal Bank of Canada upgraded shares of Burberry Group from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, November 6th. Sanford C. Bernstein upgraded shares of Burberry Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 30th. Finally, Jefferies Financial Group downgraded shares of Burberry Group from a “hold” rating to an “underperform” rating in a research note on Friday, September 20th.

Burberry Group Stock Performance

Burberry Group stock traded down $0.62 during trading hours on Wednesday, reaching $9.38. 105,589 shares of the stock were exchanged, compared to its average volume of 155,070. The stock has a 50 day moving average of $8.94 and a two-hundred day moving average of $10.70. Burberry Group has a twelve month low of $7.38 and a twelve month high of $21.67. The company has a current ratio of 1.66, a quick ratio of 1.07 and a debt-to-equity ratio of 0.26.

About Burberry Group

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.