Burberry Group plc (OTCMKTS:BURBY) Short Interest Down 27.8% in December

Burberry Group plc (OTCMKTS:BURBY) saw a large decline in short interest in the month of December. As of December 15th, there was short interest totalling 53,600 shares, a decline of 27.8% from the November 30th total of 74,200 shares. Based on an average trading volume of 105,100 shares, the days-to-cover ratio is currently 0.5 days.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Sanford C. Bernstein raised shares of Burberry Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 30th. Jefferies Financial Group cut Burberry Group from a “hold” rating to an “underperform” rating in a research report on Friday, September 20th. Citigroup raised 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 report on Wednesday, November 6th. Finally, UBS Group upgraded shares of Burberry Group from a “strong sell” rating to a “hold” rating in a research report on Friday, November 15th. One analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Burberry Group has an average rating of “Hold”.

Burberry Group Price Performance

Shares of BURBY stock traded down $0.10 on Monday, reaching $12.06. The company’s stock had a trading volume of 82,758 shares, compared to its average volume of 141,827. The stock’s fifty day simple moving average is $11.17 and its 200-day simple moving average is $10.15. The company has a current ratio of 1.66, a quick ratio of 1.07 and a debt-to-equity ratio of 0.26. Burberry Group has a 1 year low of $7.38 and a 1 year high of $18.19.

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.