Short Interest in Buzzi S.p.A. (OTCMKTS:BZZUY) Expands By 1,123.7%

Buzzi S.p.A. (OTCMKTS:BZZUY) was the target of a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 465 shares, an increase of 1,123.7% from the December 15th total of 38 shares. Based on an average daily volume of 706 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily volume of 706 shares, the days-to-cover ratio is presently 0.7 days.

Buzzi Stock Performance

Shares of BZZUY stock traded down $0.69 on Monday, reaching $30.91. 400 shares of the stock were exchanged, compared to its average volume of 540. The business’s 50 day moving average price is $30.57 and its 200 day moving average price is $28.43. Buzzi has a twelve month low of $18.27 and a twelve month high of $32.22.

Wall Street Analyst Weigh In

Separately, UBS Group lowered shares of Buzzi to a “neutral” rating in a report on Tuesday, October 14th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

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.