Burberry Group PLC (OTCMKTS:BURBY) Short Interest Up 101.6% in August

Burberry Group PLC (OTCMKTS:BURBY) saw a large growth in short interest in August. As of August 14th, there was short interest totaling 29,996 shares, a growth of 101.6% from the July 30th total of 14,881 shares. Based on an average daily volume of 49,719 shares, the short-interest ratio is currently 0.6 days. Approximately 0.0% of the company’s shares are short sold.

Burberry Group Trading Up 0.7%

BURBY opened at $14.65 on Friday. Burberry Group has a 12 month low of $13.30 and a 12 month high of $18.55. The company has a current ratio of 1.09, a quick ratio of 0.80 and a debt-to-equity ratio of 0.06. The business’s 50-day moving average price is $14.82 and its 200-day moving average price is $15.12.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank raised shares of Burberry Group to a “hold” rating in a 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. Based on data from MarketBeat.com, Burberry Group 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.