Short Interest in Burberry Group plc (OTCMKTS:BURBY) Declines By 79.9%

Burberry Group plc (OTCMKTS:BURBY) saw a significant decline in short interest in the month of May. As of May 31st, there was short interest totalling 3,100 shares, a decline of 79.9% from the May 15th total of 15,400 shares. Based on an average trading volume of 66,100 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Burberry Group Price Performance

Shares of BURBY opened at $15.24 on Friday. The firm has a 50 day simple moving average of $11.30 and a two-hundred day simple moving average of $12.08. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.77 and a current ratio of 1.29. Burberry Group has a one year low of $7.38 and a one year high of $15.49.

Analyst Ratings Changes

BURBY has been the topic of a number of recent research reports. Barclays raised shares of Burberry Group from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 27th. Citigroup raised Burberry Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 1st. Kepler Capital Markets upgraded Burberry Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 26th. UBS Group raised Burberry Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, May 15th. Finally, BNP Paribas raised Burberry Group to a “strong-buy” rating in a research note on Tuesday, March 11th. One research analyst has rated the stock with a sell rating, one has given a hold rating, one has issued a buy rating and five have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Burberry Group Company Profile

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.