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

Buzzi S.p.A. (OTCMKTS:BZZUY) was the recipient of a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 803 shares, an increase of ∞ from the May 14th total of 0 shares. Based on an average daily volume of 3,058 shares, the short-interest ratio is currently 0.3 days.

Buzzi Trading Up 4.0%

Shares of Buzzi stock opened at $26.90 on Friday. Buzzi has a 12-month low of $23.40 and a 12-month high of $32.22. The firm’s 50-day moving average price is $27.22 and its two-hundred day moving average price is $28.34.

Wall Street Analyst Weigh In

Separately, Citigroup restated a “neutral” rating on shares of Buzzi in a research note on Thursday, May 21st. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average 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.