Short Interest in Bucher Industries AG (OTCMKTS:BCHHF) Decreases By 64.9%

Bucher Industries AG (OTCMKTS:BCHHFGet Rating) was the target of a significant drop in short interest in the month of May. As of May 15th, there was short interest totalling 3,300 shares, a drop of 64.9% from the April 30th total of 9,400 shares. Based on an average trading volume of 100 shares, the days-to-cover ratio is presently 33.0 days.

Several equities analysts recently issued reports on BCHHF shares. Credit Suisse Group cut their price objective on shares of Bucher Industries from CHF 478 to CHF 402 in a report on Thursday, May 5th. UBS Group cut their price objective on shares of Bucher Industries from CHF 517 to CHF 499 in a report on Thursday, March 31st.

Shares of BCHHF stock opened at $322.45 on Thursday. The company’s 50 day moving average is $370.35 and its 200 day moving average is $441.88. Bucher Industries has a 52-week low of $311.85 and a 52-week high of $553.50.

Bucher Industries Company Profile (Get Rating)

Bucher Industries AG develops, manufactures, and sells machinery, vehicles, hydraulic components, and manufacturing equipment for use in harvesting, food producing and packaging, and roads and public spaces cleaning in Asia, the Americas, Europe, and internationally. The company operates through five divisions: Kuhn Group, Bucher Municipal, Bucher Hydraulics, Bucher Emhart Glass, and Bucher Specials.

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