Short Interest in Buzzi S.p.A. (OTCMKTS:BZZUY) Grows By 1,556.0%

Buzzi S.p.A. (OTCMKTS:BZZUY) saw 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 daily trading volume, of 4,700 shares, the short-interest ratio is presently 2.8 days.

Buzzi Stock Performance

Shares of OTCMKTS:BZZUY opened at $26.70 on Friday. The firm has a 50 day simple moving average of $27.21 and a 200 day simple moving average of $28.10. Buzzi has a 52 week low of $23.40 and a 52 week high of $32.22.

Wall Street Analyst Weigh In

Separately, Citigroup reaffirmed 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 given a Hold rating to the company’s stock. According to MarketBeat.com, Buzzi 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.