Burberry Group plc (OTCMKTS:BURBY) Sees Large Decrease in Short Interest
Burberry Group plc (OTCMKTS:BURBY) experienced a significant decrease in short interest, dropping 21.4% from 5,600 shares on September 15th to 4,400 shares by September 30th. The days-to-cover ratio is currently 0.0 days based on an average daily volume of 398,900 shares. Analysts have mixed views, with Citigroup upgrading the stock to a "hold" rating, while Jefferies Financial Group downgraded it to "underperform." Burberry's stock rose 0.2% during recent trading, with a twelve-month range of $0.38 to $0.94.
Burberry Group plc (OTCMKTS:BURBY - Get Free Report) was the recipient of a large drop in short interest in September. As of September 30th, there was short interest totalling 4,400 shares, a drop of 21.4% from the September 15th total of 5,600 shares. Based on an average daily trading volume, of 398,900 shares, the days-to-cover ratio is presently 0.0 days.
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Wall Street Analysts Forecast Growth
BURBY has been the subject of several recent research reports. Citigroup raised shares of Burberry Group to a "hold" rating in a research note on Tuesday, October 1st. Jefferies Financial Group cut Burberry Group from a "hold" rating to an "underperform" rating in a report on Friday, September 20th.
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Burberry Group Stock Up 0.2 %
OTCMKTS:BURBY traded up $0.02 during trading hours on Friday, reaching $8.65. 51,681 shares of the stock were exchanged, compared to its average volume of 151,629. Burberry Group has a twelve month low of $7.38 and a twelve month high of $21.94. The business has a 50-day moving average of $8.66 and a two-hundred day moving average of $11.53. The company has a quick ratio of 1.07, a current ratio of 1.66 and a debt-to-equity ratio of 0.26.
About Burberry Group
(Get Free Report)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.
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