Short Interest in Burberry Group plc (OTCMKTS:BURBY) Rises By 118.7%

Burberry Group plc (OTCMKTS:BURBY) saw a significant growth in short interest in 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 volume of 357,000 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

BURBY has been the subject of a number of research reports. Jefferies Financial Group lowered Burberry Group from a “hold” rating to an “underperform” rating in a research note on Friday, September 20th. Sanford C. Bernstein upgraded Burberry Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 30th. 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. Finally, Citigroup raised shares of Burberry Group to a “hold” rating in a research report on Tuesday, October 1st.

Burberry Group Price Performance

Shares of OTCMKTS:BURBY traded down $0.01 during trading on Thursday, reaching $9.37. 139,712 shares of the stock were exchanged, compared to its average volume of 151,579. The stock has a fifty day moving average of $8.96 and a two-hundred day moving average of $10.69. Burberry Group has a 1-year low of $7.38 and a 1-year high of $21.67. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.66 and a quick ratio of 1.07.

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.