Short Interest in UniCredit S.p.A. (OTCMKTS:UNCFF) Drops By 28.6%

UniCredit S.p.A. (OTCMKTS:UNCFF) was the recipient of a significant decline in short interest in March. As of March 31st, there was short interest totalling 4,039,900 shares, a decline of 28.6% from the March 15th total of 5,658,400 shares. Based on an average trading volume of 53,900 shares, the days-to-cover ratio is presently 75.0 days. Approximately 0.2% of the shares of the stock are short sold.

Institutional Trading of UniCredit

A hedge fund recently raised its stake in UniCredit stock. GAMMA Investing LLC grew its stake in shares of UniCredit S.p.A. (OTCMKTS:UNCFF) by 331.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,332 shares of the financial services provider’s stock after acquiring an additional 1,792 shares during the period. GAMMA Investing LLC’s holdings in UniCredit were worth $93,000 at the end of the most recent reporting period.

UniCredit Price Performance

Shares of OTCMKTS UNCFF opened at $58.49 on Friday. The firm has a 50-day moving average of $54.52 and a two-hundred day moving average of $46.72. UniCredit has a twelve month low of $34.50 and a twelve month high of $61.84.

About UniCredit

UniCredit S.p.A. provides commercial banking services in Italy, Germany, Central Europe, and Eastern Europe. It offers retail, private, and wealth management solutions; and institutional investor solutions. The company also provides corporate finance advisory, rating advisory, financial sponsor, patient capital, capital structure advisory, and finance solutions, as well as securities services.