BUUU Group Limited (NASDAQ:BUUU) Shares Shorted: Short Interest Up 594.5% in October

BUUU Group Limited (NASDAQ:BUUU) was the target of a significant increase in short interest in October. As of October 30th, there was short interest totaling 245,751 shares, an increase of 594.5% from the October 15th total of 35,386 shares. Based on an average daily trading volume, of 898,031 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are sold short.

BUUU Group Price Performance

NASDAQ BUUU opened at $4.21 on Wednesday. The company’s fifty day simple moving average is $4.48 and its 200-day simple moving average is $2.47. BUUU Group has a 52 week low of $0.61 and a 52 week high of $8.10. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.01 and a quick ratio of 3.01.

BUUU Group (NASDAQ:BUUU) last announced its earnings results on Friday, October 30th. The company reported ($0.01) earnings per share for the quarter. The firm had revenue of $1.71 million for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised BUUU Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, October 26th. One analyst has rated the stock with a Sell rating. According to MarketBeat, BUUU Group has an average rating of “Sell”.

About BUUU Group

Established in 2017, we have rapidly grown into a premier Meetings, Incentives, Conferences, and Exhibitions (“MICE”) solutions provider based in Hong Kong. Our comprehensive marketing service portfolio is designed to meet the diverse needs of our clients, spanning across two core areas: (i) event management and (ii) stage production. (a) Event management services In the realm of event management, our operating subsidiary, BU Creation, excels as creative planners and meticulous executors. We curate and manage a wide spectrum of events, including cultural, artistic, recreational, and corporate promotions.