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

Brunello Cucinelli S.p.A. – Unsponsored ADR (OTCMKTS:BCUCY) was the recipient of a significant growth in short interest in June. As of June 30th, there was short interest totaling 21,683 shares, a growth of 77.6% from the June 15th total of 12,211 shares. Based on an average daily trading volume, of 358,371 shares, the short-interest ratio is currently 0.1 days.

Brunello Cucinelli Trading Down 1.5%

OTCMKTS:BCUCY opened at $9.46 on Friday. The firm’s 50 day simple moving average is $9.61 and its 200 day simple moving average is $9.65. Brunello Cucinelli has a one year low of $7.87 and a one year high of $12.55.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BCUCY. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Brunello Cucinelli in a report on Friday, June 26th. They set a “buy” rating for the company. Morgan Stanley restated an “overweight” rating on shares of Brunello Cucinelli in a research report on Monday, June 1st. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

Brunello Cucinelli Company Profile

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.