Short Interest in UniCredit (OTCMKTS:UNCFF) Increases By 79.6%

UniCredit (OTCMKTS:UNCFF) was the target of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 4,039,983 shares, an increase of 79.6% from the July 15th total of 2,249,445 shares. Based on an average trading volume of 4,780 shares, the short-interest ratio is presently 845.2 days. Approximately 0.3% of the shares of the company are short sold.

UniCredit Price Performance

OTCMKTS:UNCFF traded up $1.11 during mid-day trading on Monday, hitting $99.97. The stock had a trading volume of 291 shares, compared to its average volume of 4,077. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 1.44. The company has a 50 day simple moving average of $92.25 and a 200-day simple moving average of $85.31. UniCredit has a 52 week low of $67.56 and a 52 week high of $100.29.

Institutional Investors Weigh In On UniCredit

A hedge fund recently bought a new position in UniCredit stock. Compass Financial Management LLC acquired a new position in shares of UniCredit (OTCMKTS:UNCFF) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 707 shares of the financial services provider’s stock, valued at approximately $27,000.

UniCredit Company Profile

UniCredit is a Milan-based global banking and financial services group offering a comprehensive range of banking solutions. As one of Europe’s leading banking institutions, the firm provides services in retail banking, corporate and investment banking, commercial banking, private banking and asset management. UniCredit’s network spans key European markets, leveraging a diversified business model to serve individuals, small and medium-sized enterprises, and large corporate clients.

The group’s retail banking arm delivers deposit accounts, loans, payment services and digital banking platforms designed to meet the evolving needs of its broad customer base.