Burberry Group plc (OTCMKTS:BURBY) Sees Large Drop in Short Interest

Burberry Group plc (OTCMKTS:BURBYGet Free Report) was the recipient of a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 25,300 shares, a decline of 52.2% from the February 13th total of 52,900 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 131,200 shares, the short-interest ratio is presently 0.2 days.

Analysts Set New Price Targets

A number of analysts recently commented on the company. BNP Paribas raised Burberry Group to a “strong-buy” rating in a research report on Tuesday. Kepler Capital Markets raised Burberry Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 26th. Finally, UBS Group raised shares of Burberry Group from a “strong sell” rating to a “hold” rating in a report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, Burberry Group presently has an average rating of “Moderate Buy”.

Check Out Our Latest Stock Report on Burberry Group

Burberry Group Price Performance

Burberry Group stock traded down $0.54 during trading on Friday, hitting $12.32. The stock had a trading volume of 18,546 shares, compared to its average volume of 71,238. The stock’s 50 day moving average is $13.49 and its two-hundred day moving average is $11.25. Burberry Group has a 1 year low of $7.38 and a 1 year high of $16.59. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.29 and a quick ratio of 0.77.

Burberry Group Company Profile

(Get Free Report)

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.

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