Burberry Group plc (OTCMKTS:BURBY) Short Interest Up 26.6% in February

Burberry Group plc (OTCMKTS:BURBY) saw a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 52,900 shares, an increase of 26.6% from the January 31st total of 41,800 shares. Based on an average daily trading volume, of 152,800 shares, the days-to-cover ratio is currently 0.3 days.

Wall Street Analysts Forecast Growth

BURBY has been the subject of several research analyst reports. UBS Group upgraded Burberry Group from a “strong sell” rating to a “hold” rating in a research report on Friday, November 15th. Royal Bank of Canada raised Burberry Group from a “sector perform” rating to an “outperform” rating in a report on Wednesday, November 6th. Finally, Kepler Capital Markets raised Burberry Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Burberry Group currently has a consensus rating of “Moderate Buy”.

Burberry Group Stock Down 0.7 %

Shares of OTCMKTS:BURBY opened at $13.99 on Thursday. Burberry Group has a one year low of $7.38 and a one year high of $16.69. The business’s 50-day simple moving average is $13.35 and its 200 day simple moving average is $11.09. The company has a current ratio of 1.29, a quick ratio of 0.77 and a debt-to-equity ratio of 0.33.

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.