Buzzi S.p.A. (OTCMKTS:BZZUY) Sees Significant Increase in Short Interest

Buzzi S.p.A. (OTCMKTS:BZZUY) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 13,298 shares, a growth of 1,556.0% from the May 31st total of 803 shares. Based on an average daily trading volume, of 4,700 shares, the short-interest ratio is presently 2.8 days.

Buzzi Stock Down 2.4%

Shares of OTCMKTS BZZUY opened at $26.05 on Friday. Buzzi has a 52-week low of $23.40 and a 52-week high of $32.22. The firm’s 50-day moving average price is $27.15 and its 200-day moving average price is $28.09.

Analysts Set New Price Targets

Separately, Citigroup reiterated a “neutral” rating on shares of Buzzi in a research note on Thursday, May 21st. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Buzzi presently has an average 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.