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

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

BUUU Group Stock Performance

BUUU Group stock opened at $4.21 on Wednesday. BUUU Group has a 52-week low of $0.61 and a 52-week high of $8.10. The firm has a fifty day moving average of $4.48 and a 200-day moving average of $2.47. 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 posted its earnings results on Friday, October 30th. The company reported ($0.01) earnings per share for the quarter. The company had revenue of $1.71 million for the quarter.

Analyst Upgrades and Downgrades

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