Buzzi S.p.A. (OTCMKTS:BZZUY) Sees Large Decrease in Short Interest

Buzzi S.p.A. (OTCMKTS:BZZUY) was the target of a large decrease in short interest during the month of December. As of December 15th, there was short interest totaling 38 shares, a decrease of 93.3% from the November 30th total of 564 shares. Based on an average daily trading volume, of 715 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 715 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Ratings Changes

Several research firms have recently issued reports on BZZUY. UBS Group lowered shares of Buzzi to a “neutral” rating in a research note on Tuesday, October 14th. The Goldman Sachs Group initiated coverage on shares of Buzzi in a research report on Thursday, September 4th. They issued a “neutral” rating for the company. Finally, Morgan Stanley raised shares of Buzzi from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, September 2nd. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Buzzi Stock Performance

OTCMKTS BZZUY remained flat at $31.23 during trading hours on Wednesday. 34 shares of the company were exchanged, compared to its average volume of 3,107. Buzzi has a 1-year low of $17.98 and a 1-year high of $31.85. The firm has a 50-day simple moving average of $30.06 and a 200 day simple moving average of $27.96.

Buzzi Company Profile

Buzzi Unicem S.p.A., trading in the United States under the ticker OTCMKTS:BZZUY, is an international manufacturer and distributor of cement, ready-mix concrete and aggregates. Headquartered in Casale Monferrato, Italy, the company operates integrated production facilities that supply key construction markets. Its primary activities encompass quarrying, cement production, concrete batching and logistics for building materials, serving both commercial and infrastructure projects.

With a broad geographic footprint, Buzzi Unicem maintains operations across Western and Eastern Europe, North America and select markets in Latin America.