While this happened, Deutsche Bank initiated its Burford Capital Limited [BUR] rating to a Buy in a research note published on September 06, 2024; the price target was $18. B. Riley Securities began covering BUR with “Buy” recommendation on May 13, 2022. Wedbush started covering the stock on June 04, 2021. It rated BUR as “an Outperform”.
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Price Performance Review of BUR
On Friday, Burford Capital Limited [NYSE:BUR] saw its stock fall -0.15% to $13.50. Over the last five days, the stock has gained 1.50%. Burford Capital Limited shares have fallen nearly -13.46% since the year began. Nevertheless, the stocks have fallen -3.02% over the past one year. While a 52-week high of $16.77 was reached on 04/11/24, a 52-week low of $12.07 was recorded on 08/05/24. SMA at 50 days reached $13.56, while 200 days put it at $13.92.
Levels Of Support And Resistance For BUR Stock
The 24-hour chart illustrates a support level at 13.39, which if violated will result in even more drops to 13.28. On the upside, there is a resistance level at 13.59. A further resistance level may holdings at 13.68. The Relative Strength Index (RSI) on the 14-day chart is 49.14, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 55.88%. Stochastics %K at 57.05% indicates the stock is a holding.
How much short interest is there in Burford Capital Limited?
A steep rise in short interest was recorded in Burford Capital Limited stocks on 2024-11-29, dropping by -3.14 million shares to a total of 4.52 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 7.67 million shares. There was a decline of -69.55%, which implies that there is a negative sentiment for the stock.
