Burberry Group plc (OTCMKTS:BURBY) Sees Significant Decline in Short Interest

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

Burberry Group Price Performance

Burberry Group stock traded down $0.28 during trading on Friday, reaching $10.38. The company had a trading volume of 30,628 shares, compared to its average volume of 67,746. Burberry Group has a 12-month low of $7.38 and a 12-month high of $15.84. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.29 and a quick ratio of 0.77. The stock's 50 day moving average price is $13.33 and its two-hundred day moving average price is $11.45.

Wall Street Analysts Forecast Growth

BURBY has been the topic of a number of analyst reports. BNP Paribas upgraded shares of Burberry Group to a "strong-buy" rating in a research report on Tuesday, March 11th. Kepler Capital Markets raised Burberry Group from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, Burberry Group has a consensus rating of "Moderate 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.