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

Buzzi S.p.A. (OTCMKTS:BZZUY) was the recipient of a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 400 shares, a drop of 42.9% from the November 30th total of 700 shares. Based on an average daily trading volume, of 6,300 shares, the days-to-cover ratio is currently 0.1 days.

Buzzi Stock Performance

Shares of OTCMKTS BZZUY traded up $0.07 during trading on Friday, hitting $18.91. The stock had a trading volume of 927 shares, compared to its average volume of 2,502. The firm has a fifty day moving average of $20.24 and a two-hundred day moving average of $19.82. Buzzi has a 12 month low of $14.85 and a 12 month high of $22.25.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Buzzi in a report on Wednesday, October 2nd. They issued a “buy” rating on the stock.

Buzzi Company Profile

Buzzi S.p.A., together with its subsidiaries, manufactures, distributes, and sells cement, ready-mix concrete, and aggregates. It has operations primarily in Italy, the United States, Germany, Luxembourg, the Netherlands, Poland, the Czech Republic, Slovakia, Ukraine, Mexico, and Brazil. Buzzi S.p.A.