Short Interest in Brunello Cucinelli S.p.A. – Unsponsored ADR (OTCMKTS:BCUCY) Decreases By 35.9%

Brunello Cucinelli S.p.A. – Unsponsored ADR (OTCMKTS:BCUCY) was the recipient of a large decline in short interest in July. As of July 15th, there was short interest totaling 13,891 shares, a decline of 35.9% from the June 30th total of 21,683 shares. Based on an average daily trading volume, of 34,085 shares, the days-to-cover ratio is currently 0.4 days.

Analysts Set New Price Targets

Several research firms recently issued reports on BCUCY. Deutsche Bank Aktiengesellschaft began coverage on Brunello Cucinelli in a report on Friday, June 26th. They set a “buy” rating on the stock. Morgan Stanley reissued an “overweight” rating on shares of Brunello Cucinelli in a report on Monday, June 1st. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Brunello Cucinelli Price Performance

Shares of OTCMKTS BCUCY opened at $10.02 on Friday. The business’s 50 day moving average price is $9.55 and its two-hundred day moving average price is $9.52. Brunello Cucinelli has a twelve month low of $7.87 and a twelve month high of $12.55.

About Brunello Cucinelli

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.