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

Buzzi S.p.A. (OTCMKTS:BZZUY) was the target of a large growth in short interest in 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 trading volume of 4,700 shares, the days-to-cover ratio is currently 2.8 days.

Buzzi Price Performance

OTCMKTS BZZUY traded down $0.10 during trading hours on Thursday, reaching $26.70. The company’s stock had a trading volume of 1,768 shares, compared to its average volume of 1,619. Buzzi has a fifty-two week low of $23.40 and a fifty-two week high of $32.22. The company’s 50-day moving average is $27.25 and its two-hundred day moving average is $28.13.

Wall Street Analyst Weigh In

Separately, Citigroup reaffirmed a “neutral” rating on shares of Buzzi in a research note on Thursday, May 21st. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold”.

About Buzzi

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.