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

Brunello Cucinelli S.p.A. – Unsponsored ADR (OTCMKTS:BCUCY) saw a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 18,851 shares, a growth of 129.3% from the August 15th total of 8,222 shares. Based on an average trading volume of 22,072 shares, the days-to-cover ratio is presently 0.9 days.

Brunello Cucinelli Price Performance

Shares of OTCMKTS:BCUCY opened at $8.87 on Monday. The company’s 50 day simple moving average is $9.78 and its 200 day simple moving average is $9.54. Brunello Cucinelli has a 1 year low of $7.87 and a 1 year high of $12.55.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Citigroup assumed coverage on shares of Brunello Cucinelli in a research note on Tuesday, August 4th. They issued a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Brunello Cucinelli in a report on Monday, August 3rd. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Brunello Cucinelli in a research report on Monday, June 1st. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

About Brunello Cucinelli

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.