Burberry Group plc (OTCMKTS:BURBY) Short Interest Update

Burberry Group plc (OTCMKTS:BURBY) was the recipient of a significant drop in short interest in the month of September. As of September 30th, there was short interest totalling 4,400 shares, a drop of 21.4% from the September 15th total of 5,600 shares. Based on an average daily volume of 398,900 shares, the short-interest ratio is presently 0.0 days.

Analysts Set New Price Targets

Several research analysts recently commented on BURBY shares. Jefferies Financial Group cut Burberry Group from a “hold” rating to an “underperform” rating in a research note on Friday, September 20th. Citigroup upgraded shares of Burberry Group to a “hold” rating in a research note on Tuesday, October 1st.

Burberry Group Trading Up 0.2 %

Shares of BURBY traded up $0.02 during midday trading on Friday, reaching $8.65. The stock had a trading volume of 51,681 shares, compared to its average volume of 151,629. The company’s fifty day simple moving average is $8.66 and its two-hundred day simple moving average is $11.53. Burberry Group has a 1-year low of $7.38 and a 1-year high of $21.94. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.66 and a quick ratio of 1.07.

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.