Brunello Cucinelli S.p.A. – Unsponsored ADR (OTCMKTS:BCUCY) Short Interest Up 2,320.9% in May

Brunello Cucinelli S.p.A. – Unsponsored ADR (OTCMKTS:BCUCY) was the target of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 1,041 shares, an increase of 2,320.9% from the May 14th total of 43 shares. Based on an average trading volume of 19,916 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Ratings Changes

Separately, Morgan Stanley reissued an “overweight” rating on shares of Brunello Cucinelli in a research note on Monday, June 1st. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Brunello Cucinelli Stock Performance

OTCMKTS:BCUCY opened at $9.78 on Thursday. Brunello Cucinelli has a 12 month low of $7.87 and a 12 month high of $13.41. The company’s 50-day moving average price is $9.66 and its two-hundred day moving average price is $9.94.

About Brunello Cucinelli

Brunello Cucinelli S.p.A. is an Italian luxury fashion house founded in 1978 by entrepreneur and designer Brunello Cucinelli. Headquartered in the medieval village of Solomeo, near Perugia, the company has built a reputation for its high-end cashmere knitwear and a refined approach to timeless menswear, womenswear and accessories.

The company’s product portfolio encompasses ready-to-wear collections for men and women, accessories such as scarves, hats and bags, footwear and home goods.