Short Interest in Burberry Group PLC (OTCMKTS:BURBY) Drops By 92.0%

Burberry Group PLC (OTCMKTS:BURBY) was the recipient of a significant decline in short interest in June. As of June 15th, there was short interest totaling 7,191 shares, a decline of 92.0% from the May 31st total of 89,630 shares. Based on an average daily trading volume, of 132,088 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Burberry Group Trading Up 0.2%

BURBY stock opened at $14.35 on Friday. The firm has a 50 day moving average of $15.49 and a 200-day moving average of $15.74. Burberry Group has a 12-month low of $13.30 and a 12-month high of $18.55.

Analysts Set New Price Targets

Separately, Berenberg Bank upgraded Burberry Group to a “hold” rating in a research report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy”.

Burberry Group Company Profile

Burberry Group plc is a British luxury fashion house renowned for its distinctive designs and iconic outerwear. The company’s product portfolio encompasses ready-to-wear clothing, leather goods, handbags, accessories, footwear, fragrances and beauty items. Burberry is particularly famous for its classic trench coat, crafted from its patented gabardine fabric, and the signature checked pattern that has become a global emblem of luxury.

Founded in 1856 by Thomas Burberry in Basingstoke, England, the company initially specialized in weatherproof garments and outdoor attire.