Burberry Group plc (OTCMKTS:BURBY) Short Interest Up 13.8% in December

Burberry Group plc (OTCMKTS:BURBY) was the target of a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 61,000 shares, a growth of 13.8% from the December 15th total of 53,600 shares. Based on an average trading volume of 143,400 shares, the days-to-cover ratio is presently 0.4 days.

Analysts Set New Price Targets

Several brokerages have issued reports on BURBY. Sanford C. Bernstein raised Burberry Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 30th. Royal Bank of Canada upgraded shares of Burberry Group from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, November 6th. UBS Group raised shares of Burberry Group from a “strong sell” rating to a “hold” rating in a report on Friday, November 15th. Finally, Citigroup raised shares of Burberry Group to a “hold” rating in a report on Tuesday, October 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold”.

Burberry Group Stock Performance

BURBY stock opened at $12.09 on Friday. Burberry Group has a fifty-two week low of $7.38 and a fifty-two week high of $17.43. The company has a current ratio of 1.29, a quick ratio of 0.77 and a debt-to-equity ratio of 0.33. The business’s fifty day moving average price is $11.65 and its two-hundred day moving average price is $10.12.

About Burberry Group

Burberry Group plc, together with its subsidiaries, manufactures, retails, and wholesales luxury goods under the Burberry brand. The company operates in two segments, Retail/Wholesale and Licensing. It provides womenswear, menswear, childrenswear, beauty, eyewear, shoes, and accessories, as well as leather goods, such as bags.