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

Buzzi S.p.A. (OTCMKTS:BZZUY) saw a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 1,594 shares, a growth of 184.1% from the July 30th total of 561 shares. Based on an average daily volume of 6,157 shares, the short-interest ratio is presently 0.3 days.

Buzzi Stock Performance

Shares of BZZUY remained flat at $24.62 during trading hours on Friday. The stock had a trading volume of 104 shares, compared to its average volume of 1,754. The company’s 50 day simple moving average is $24.79 and its 200 day simple moving average is $26.30. Buzzi has a 52 week low of $22.81 and a 52 week high of $32.22.

Wall Street Analysts Forecast Growth

BZZUY has been the subject of several recent research reports. Jefferies Financial Group began coverage on shares of Buzzi in a research note on Monday, July 13th. They set a “hold” rating for the company. 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 four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Buzzi Company Profile

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.