Burberry Group plc (OTCMKTS:BURBY) Short Interest Down 94.1% in March

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

Burberry Group Trading Down 3.4 %

Shares of Burberry Group stock traded down $0.36 on Wednesday, reaching $10.19. 33,908 shares of the company’s stock were exchanged, compared to its average volume of 68,325. The firm’s 50-day moving average is $13.42 and its two-hundred day moving average is $11.41. Burberry Group has a 52 week low of $7.38 and a 52 week high of $16.00. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.29 and a quick ratio of 0.77.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on BURBY shares. BNP Paribas raised Burberry Group to a “strong-buy” rating in a research note on Tuesday, March 11th. Kepler Capital Markets upgraded shares of Burberry Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus 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.