Burberry Group plc (OTCMKTS:BURBY) Short Interest Update

Burberry Group plc (OTCMKTS:BURBY) was the target of a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 1,500 shares, a decrease of 94.1% from the February 28th total of 25,300 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 71,700 shares, the days-to-cover ratio is presently 0.0 days.

Burberry Group Trading Up 4.6 %

Shares of OTCMKTS BURBY traded up $0.47 during mid-day trading on Friday, hitting $10.66. The company had a trading volume of 73,021 shares, compared to its average volume of 68,406. The business’s 50-day simple moving average is $13.36 and its 200 day simple moving average is $11.40. Burberry Group has a 1-year low of $7.38 and a 1-year high of $16.00. The company has a quick ratio of 0.77, a current ratio of 1.29 and a debt-to-equity ratio of 0.33.

Analyst Ratings Changes

Several brokerages have weighed in on BURBY. Kepler Capital Markets raised shares of Burberry Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 26th. BNP Paribas upgraded Burberry Group to a “strong-buy” rating in a report on Tuesday, March 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, Burberry Group presently has an average rating of “Moderate Buy”.

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.