Short Interest in Bucher Industries AG (OTCMKTS:BCHHF) Declines By 53.9%

Bucher Industries AG (OTCMKTS:BCHHF) saw a large decline in short interest in the month of June. As of June 30th, there was short interest totaling 5,347 shares, a decline of 53.9% from the June 15th total of 11,593 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Bucher Industries Stock Performance

OTCMKTS BCHHF opened at $395.00 on Tuesday. The firm has a 50-day moving average of $411.20 and a 200-day moving average of $442.18. Bucher Industries has a 52-week low of $395.00 and a 52-week high of $476.00.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada lowered Bucher Industries to a “sector perform” rating in a report on Friday, July 3rd. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, Bucher Industries currently has an average rating of “Hold”.

Bucher Industries Company Profile

Bucher Industries AG is a Switzerland-based industrial group specializing in the design and manufacture of sophisticated machinery and systems for municipal, agricultural, glass and food-processing applications. Headquartered in Niederweningen, the company operates through four main divisions—Municipal, Hydraulics, Emhart Glass and Specials—serving customers around the world with tailored vehicle systems, fluid-power components, glass-forming equipment and food-and-beverage processing machinery.

The Bucher Municipal division develops and produces a range of municipal vehicles and equipment, including street sweepers, refuse collection units, sewer jetting and vacuum vehicles, as well as winter-maintenance and de-icing systems.