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

Buzzi S.p.A. (OTCMKTS:BZZUY) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totaling 13,298 shares, an increase of 1,556.0% from the May 31st total of 803 shares. Based on an average trading volume of 4,700 shares, the short-interest ratio is presently 2.8 days.

Buzzi Price Performance

Shares of OTCMKTS BZZUY traded down $0.10 during trading on Thursday, hitting $26.70. 1,768 shares of the company were exchanged, compared to its average volume of 1,619. Buzzi has a 1 year low of $23.40 and a 1 year high of $32.22. The firm’s fifty day moving average price is $27.25 and its 200 day moving average price is $28.13.

Analyst Upgrades and Downgrades

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