Brunello Cucinelli S.p.A. – Unsponsored ADR (OTCMKTS:BCUCY) Sees Significant Growth in Short Interest

Brunello Cucinelli S.p.A. – Unsponsored ADR (OTCMKTS:BCUCY) saw a significant increase in short interest during the month of June. As of June 15th, there was short interest totaling 12,211 shares, an increase of 1,073.0% from the May 31st total of 1,041 shares. Based on an average daily volume of 48,624 shares, the short-interest ratio is currently 0.3 days.

Brunello Cucinelli Stock Down 2.2%

BCUCY stock opened at $9.15 on Friday. The business has a 50 day moving average of $9.78 and a 200-day moving average of $9.88. Brunello Cucinelli has a 12-month low of $7.87 and a 12-month high of $13.40.

Analysts Set New Price Targets

Separately, Morgan Stanley restated an “overweight” rating on shares of Brunello Cucinelli in a report on Monday, June 1st. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold”.

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.