Buzzi S.p.A. (OTCMKTS:BZZUY) Shares Shorted: Short Interest Down 97.5% in September

Buzzi S.p.A. (OTCMKTS:BZZUY) was the target of a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 58 shares, a decline of 97.5% from the August 31st total of 2,284 shares. Based on an average daily volume of 11,769 shares, the days-to-cover ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

BZZUY has been the subject of several research analyst reports. Jefferies Financial Group began coverage on Buzzi in a research note on Monday, July 13th. They issued a “hold” rating for the company. UBS Group lowered Buzzi from a “neutral” rating to a “sell” rating in a research report on Tuesday. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Reduce”.

Buzzi Stock Up 4.5%

Buzzi stock traded up $0.95 during midday trading on Friday, hitting $22.12. 3,219 shares of the company were exchanged, compared to its average volume of 2,076. Buzzi has a fifty-two week low of $21.14 and a fifty-two week high of $32.22. The business has a fifty day simple moving average of $23.53 and a two-hundred day simple moving average of $25.52.

Buzzi Company Profile

Buzzi S.p.A. is an Italian multinational manufacturer of cement and ready-mix concrete. The company supplies construction materials for residential, commercial, infrastructure and industrial projects, with operations spanning the production, distribution and sale of cement and related products.

Founded in 1907, Buzzi has developed from an Italian cement producer into an international building-materials group. Its portfolio includes ordinary and specialty cements, as well as ready-mix concrete, serving contractors, distributors, concrete producers and other customers in the construction industry.

Headquartered in Casale Monferrato, Italy, Buzzi operates primarily in Europe and the United States, with a presence in markets including Italy, Germany, Luxembourg, Poland, the Czech Republic, Slovakia and the United States.