Brunello Cucinelli S.p.A. – Unsponsored ADR (OTCMKTS:BCUCY) Sees Large Increase in Short Interest

Brunello Cucinelli S.p.A. – Unsponsored ADR (OTCMKTS:BCUCY) was the target of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 1,041 shares, an increase of 2,320.9% from the May 14th total of 43 shares. Based on an average daily trading volume, of 19,916 shares, the days-to-cover ratio is currently 0.1 days.

Brunello Cucinelli Stock Up 2.2%

Shares of OTCMKTS BCUCY opened at $9.96 on Wednesday. Brunello Cucinelli has a 12 month low of $7.87 and a 12 month high of $13.41. The business has a fifty day simple moving average of $9.63 and a 200-day simple moving average of $9.94.

Analyst Ratings Changes

Separately, Morgan Stanley restated an “overweight” rating on shares of Brunello Cucinelli in a report on Monday, June 1st. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Brunello Cucinelli Company Profile

Brunello Cucinelli S.p.A. is an Italian luxury fashion house founded in 1978 by entrepreneur and designer Brunello Cucinelli. Headquartered in the medieval village of Solomeo, near Perugia, the company has built a reputation for its high-end cashmere knitwear and a refined approach to timeless menswear, womenswear and accessories.

The company’s product portfolio encompasses ready-to-wear collections for men and women, accessories such as scarves, hats and bags, footwear and home goods.