Burberry Group PLC (OTCMKTS:BURBY) Sees Significant Decrease in Short Interest

Burberry Group PLC (OTCMKTS:BURBY) was the recipient of a significant drop in short interest in August. As of August 31st, there was short interest totaling 18,015 shares, a drop of 39.9% from the August 15th total of 29,996 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 60,249 shares, the days-to-cover ratio is presently 0.3 days.

Analyst Ratings Changes

Separately, HSBC lowered shares of Burberry Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 9th. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Burberry Group Trading Down 1.7%

Shares of Burberry Group stock opened at $13.27 on Wednesday. Burberry Group has a 1 year low of $13.16 and a 1 year 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 firm’s 50-day moving average is $14.75 and its 200 day moving average is $14.95.

Burberry Group Company Profile

Burberry Group plc is a British luxury fashion company founded in 1856 by Thomas Burberry. The company is best known for its outerwear, particularly the Burberry trench coat, and for its distinctive check pattern. Burberry designs, develops and sells luxury apparel, accessories and leather goods, along with footwear, scarves and other fashion products.

Burberry distributes its products through directly operated stores, its e-commerce platform and selected wholesale partners. The company also offers fragrances and beauty products through licensing and commercial partnerships.