BUUU Group Limited (NASDAQ:BUUU) Shares Shorted: Short Interest Up 594.5% in October

BUUU Group Limited (NASDAQ:BUUU) was the recipient of a significant increase in short interest during the month of October. As of October 30th, there was short interest totaling 245,751 shares, an increase of 594.5% from the October 15th total of 35,386 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 898,031 shares, the days-to-cover ratio is presently 0.3 days.

BUUU Group Stock Up 12.3%

NASDAQ BUUU opened at $4.93 on Friday. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 0.01. The firm’s fifty day moving average price is $4.55 and its 200 day moving average price is $2.51. BUUU Group has a 12 month low of $0.61 and a 12 month high of $8.10.

BUUU Group (NASDAQ:BUUU) last announced its quarterly earnings results on Friday, October 30th. The company reported ($0.01) EPS for the quarter. The company had revenue of $1.71 million for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded BUUU Group from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

About BUUU Group

Established in 2017, we have rapidly grown into a premier Meetings, Incentives, Conferences, and Exhibitions (“MICE”) solutions provider based in Hong Kong. Our comprehensive marketing service portfolio is designed to meet the diverse needs of our clients, spanning across two core areas: (i) event management and (ii) stage production. (a) Event management services In the realm of event management, our operating subsidiary, BU Creation, excels as creative planners and meticulous executors. We curate and manage a wide spectrum of events, including cultural, artistic, recreational, and corporate promotions.