Bucher Industries AG (OTCMKTS:BCHHF) Sees Large Increase in Short Interest

Bucher Industries AG (OTCMKTS:BCHHF) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totaling 8,141 shares, an increase of 48.7% from the August 31st total of 5,475 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is currently ∞ days.

Bucher Industries Price Performance

OTCMKTS:BCHHF opened at $379.66 on Thursday. Bucher Industries has a twelve month low of $379.66 and a twelve month high of $476.00. The stock’s 50-day simple moving average is $379.66 and its 200 day simple moving average is $414.73.

Analyst Ratings Changes

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

Bucher Industries Company Profile

Bucher Industries AG is a Switzerland-based mechanical engineering group that develops and manufactures specialized machinery, systems and components for agricultural, municipal and industrial applications. The company traces its origins to 1807 and is headquartered in Niederweningen, Switzerland.

Its operating businesses include Kuhn Group, which produces agricultural machinery such as plows, seeders, hay and forage equipment, and crop protection machinery. Bucher Municipal supplies vehicles and equipment for road sweeping, winter road maintenance and refuse collection.