UniCredit S.p.A. (OTCMKTS:UNCFF) Sees Large Increase in Short Interest

UniCredit S.p.A. (OTCMKTS:UNCFF) was the target of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 4,874,300 shares, an increase of 22.0% from the January 31st total of 3,995,300 shares. Based on an average daily trading volume, of 19,300 shares, the short-interest ratio is presently 252.6 days.

Institutional Investors Weigh In On UniCredit

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

UniCredit Trading Up 6.4 %

Shares of UNCFF opened at $57.76 on Thursday. The firm has a fifty day simple moving average of $46.37 and a two-hundred day simple moving average of $43.45. UniCredit has a 1-year low of $33.66 and a 1-year high of $58.20.

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.