Burberry Group PLC (OTCMKTS:BURBY) Short Interest Up 353.7% in July

Burberry Group PLC (OTCMKTS:BURBY) saw a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 14,881 shares, an increase of 353.7% from the July 15th total of 3,280 shares. Based on an average daily trading volume, of 100,944 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank raised shares of Burberry Group to a “hold” rating in a research report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy”.

Burberry Group Stock Performance

OTCMKTS:BURBY opened at $15.16 on Thursday. The business has a 50 day simple moving average of $14.97 and a 200 day simple moving average of $15.20. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.80 and a current ratio of 1.09. Burberry Group has a 12-month low of $13.30 and a 12-month high of $18.55.

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.