Burberry Group PLC (OTCMKTS:BURBY) Short Interest Down 39.9% in August

Burberry Group PLC (OTCMKTS:BURBY) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 18,015 shares, a decline of 39.9% from the August 15th total of 29,996 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily trading volume, of 60,249 shares, the days-to-cover ratio is presently 0.3 days.

Burberry Group Trading Up 0.4%

BURBY opened at $13.51 on Friday. Burberry Group has a 12 month low of $13.16 and a 12 month high of $18.55. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.80 and a current ratio of 1.09. The company has a fifty day simple moving average of $14.71 and a 200 day simple moving average of $14.91.

Wall Street Analyst Weigh In

Separately, HSBC downgraded shares of Burberry Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 9th. One analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

About Burberry Group

Burberry Group plc is a British luxury fashion company founded in 1856 by Thomas Burberry. The company is best known for its outerwear, particularly the Burberry trench coat, and for its distinctive check pattern. Burberry designs, develops and sells luxury apparel, accessories and leather goods, along with footwear, scarves and other fashion products.

Burberry distributes its products through directly operated stores, its e-commerce platform and selected wholesale partners. The company also offers fragrances and beauty products through licensing and commercial partnerships.