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

Burberry Group plc (OTCMKTS:BURBY) was the recipient of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 41,800 shares, a decrease of 28.8% from the January 15th total of 58,700 shares. Based on an average daily trading volume, of 186,700 shares, the short-interest ratio is presently 0.2 days.

Burberry Group Stock Down 0.1 %

BURBY traded down $0.01 during trading on Friday, reaching $14.96. 33,749 shares of the company were exchanged, compared to its average volume of 78,474. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.77 and a current ratio of 1.29. The company’s 50-day moving average is $12.90 and its two-hundred day moving average is $10.66. Burberry Group has a 12-month low of $7.38 and a 12-month high of $17.32.

Analysts Set New Price Targets

A number of analysts recently issued reports on BURBY shares. UBS Group raised Burberry Group from a “strong sell” rating to a “hold” rating in a report on Friday, November 15th. Sanford C. Bernstein raised Burberry Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 30th. Finally, Royal Bank of Canada raised Burberry Group from a “sector perform” rating to an “outperform” rating in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold”.

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.