Burberry Group plc (OTCMKTS:BURBY) Short Interest Down 94.1% in March

Burberry Group plc (OTCMKTS:BURBY) was the recipient of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 1,500 shares, a decrease of 94.1% from the February 28th total of 25,300 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 71,700 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Ratings Changes

A number of research firms have recently commented on BURBY. Kepler Capital Markets upgraded Burberry Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 26th. BNP Paribas upgraded shares of Burberry Group to a “strong-buy” rating in a research note on Tuesday, March 11th. One analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Burberry Group currently has a consensus rating of “Moderate Buy”.

Burberry Group Stock Performance

BURBY traded down $0.36 during trading hours on Thursday, reaching $10.19. 33,908 shares of the stock traded hands, compared to its average volume of 68,325. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.29 and a quick ratio of 0.77. Burberry Group has a fifty-two week low of $7.38 and a fifty-two week high of $16.00. The firm’s fifty day simple moving average is $13.39 and its two-hundred day simple moving average is $11.41.

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.