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

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

Wall Street Analysts Forecast Growth

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

Bucher Industries Stock Performance

BCHHF stock opened at $395.00 on Wednesday. The company has a 50 day moving average price of $409.58 and a 200 day moving average price of $441.83. Bucher Industries has a fifty-two week low of $395.00 and a fifty-two week high of $476.00.

About Bucher Industries

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.