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

Brunello Cucinelli S.p.A. – Unsponsored ADR (OTCMKTS:BCUCY) saw a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 5,878 shares, a decrease of 68.8% from the August 31st total of 18,851 shares. Based on an average daily volume of 73,262 shares, the days-to-cover ratio is presently 0.1 days.

Analysts Set New Price Targets

Several analysts have commented on BCUCY shares. Morgan Stanley reissued an “overweight” rating on shares of Brunello Cucinelli in a report on Monday, June 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Brunello Cucinelli in a research note on Monday, August 3rd. Finally, Citigroup reiterated a “buy” rating on shares of Brunello Cucinelli in a research report on Thursday, September 17th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Brunello Cucinelli has a consensus rating of “Moderate Buy”.

Brunello Cucinelli Stock Up 1.4%

Shares of BCUCY traded up $0.13 during mid-day trading on Monday, hitting $9.26. 23,838 shares of the company were exchanged, compared to its average volume of 44,611. Brunello Cucinelli has a 1-year low of $7.87 and a 1-year high of $12.47. The company has a 50 day moving average of $9.72 and a 200-day moving average of $9.52.

Brunello Cucinelli Company Profile

Brunello Cucinelli S.p.A. is an Italian luxury fashion company founded in 1978 by Brunello Cucinelli. Based in Solomeo, Italy, the company is known for its use of high-quality cashmere and other premium materials, combining traditional craftsmanship with contemporary design.

The company designs, manufactures and distributes luxury apparel, including knitwear, outerwear, jackets, trousers and dresses for women and men. Its product range also includes shoes, handbags, leather goods, accessories and lifestyle items.