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

Buzzi S.p.A. (OTCMKTS:BZZUY) saw a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 3,851 shares, a drop of 71.0% from the June 15th total of 13,298 shares. Based on an average daily volume of 6,059 shares, the short-interest ratio is currently 0.6 days.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on BZZUY shares. Citigroup reaffirmed a “neutral” rating on shares of Buzzi in a report on Thursday, May 21st. Jefferies Financial Group assumed coverage on shares of Buzzi in a report on Monday. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Buzzi Stock Performance

Shares of Buzzi stock opened at $25.57 on Tuesday. Buzzi has a 1 year low of $23.40 and a 1 year high of $32.22. The firm’s 50-day simple moving average is $26.54 and its 200-day simple moving average is $27.69.

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.