Burberry Group PLC (OTCMKTS:BURBY) Short Interest Down 68.6% in July

Burberry Group PLC (OTCMKTS:BURBY) saw a large decline in short interest in July. As of July 15th, there was short interest totaling 3,280 shares, a decline of 68.6% from the June 30th total of 10,452 shares. Based on an average daily trading volume, of 91,833 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

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

Burberry Group Stock Performance

Burberry Group stock opened at $14.16 on Friday. Burberry Group has a 52-week low of $13.30 and a 52-week high of $18.55. The company has a fifty day simple moving average of $14.92 and a 200-day simple moving average of $15.38. The company has a quick ratio of 0.80, a current ratio of 1.09 and a debt-to-equity ratio of 0.06.

About Burberry Group

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.