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

Burberry Group plc (OTCMKTS:BURBY – Get Rating) was the recipient of a large increase in short interest during the month of April. As of April 30th, there was short interest totalling 5,300 shares, an increase of 152.4% from the April 15th total of 2,100 shares. Based on an average daily trading volume, of 142,100 shares, the days-to-cover ratio is currently 0.0 days.

BURBY traded up $0.54 on Friday, hitting $19.32. 35,943 shares of the company’s stock were exchanged, compared to its average volume of 65,530. Burberry Group has a twelve month low of $18.18 and a twelve month high of $32.17. The stock has a fifty day moving average of $20.81 and a two-hundred day moving average of $23.59. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.60 and a quick ratio of 2.03.

A number of analysts have recently commented on BURBY shares. Deutsche Bank Aktiengesellschaft upped their target price on Burberry Group from GBX 2,250 ($27.74) to GBX 2,280 ($28.11) in a research note on Wednesday, January 26th. UBS Group cut their price target on Burberry Group from GBX 1,882 ($23.20) to GBX 1,836 ($22.64) in a report on Monday, April 4th. Morgan Stanley lowered their price objective on Burberry Group from GBX 2,000 ($24.66) to GBX 1,850 ($22.81) in a research report on Tuesday, April 12th. Zacks Investment Research lowered Burberry Group from a “hold” rating to a “sell” rating in a research report on Thursday, April 7th. Finally, Kepler Capital Markets upgraded Burberry Group from a “hold” rating to a “buy” rating and raised their price target for the stock from GBX 2,100 ($25.89) to GBX 2,280 ($28.11) in a research report on Thursday, January 20th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Burberry Group has a consensus rating of “Hold” and a consensus target price of $1,383.86.

About Burberry Group (Get Rating)

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 offers women, men, and children apparels, as well as accessories. The company also licenses third parties to manufacture and distribute products using the Burberry trademarks.

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