UniCredit S.p.A. (OTCMKTS:UNCFF - Get Free Report) saw a significant drop in short interest during the month of March. As of March 31st, there was short interest totalling 4,039,900 shares, a drop of 28.6% from the March 15th total of 5,658,400 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 53,900 shares, the days-to-cover ratio is presently 75.0 days.
Institutional Investors Weigh In On UniCredit
A hedge fund recently raised its stake in UniCredit stock. GAMMA Investing LLC boosted its holdings in UniCredit S.p.A. (OTCMKTS:UNCFF - Free Report) by 5,505.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 130,723 shares of the financial services provider's stock after purchasing an additional 128,391 shares during the quarter. GAMMA Investing LLC's holdings in UniCredit were worth $7,328,000 at the end of the most recent quarter.
UniCredit Stock Down 2.8 %
Shares of UniCredit stock traded down $1.63 on Wednesday, hitting $56.11. The stock had a trading volume of 1,484 shares, compared to its average volume of 17,189. The company's 50 day moving average price is $55.03 and its 200 day moving average price is $47.07. UniCredit has a 52-week low of $34.50 and a 52-week high of $61.84.
UniCredit Company Profile
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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.
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