BUUU Group Limited (NASDAQ:BUUU) Sees Significant Drop in Short Interest

BUUU Group Limited (NASDAQ:BUUU) was the recipient of a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 5,487 shares, a drop of 34.4% from the May 14th total of 8,360 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 23,066 shares, the days-to-cover ratio is currently 0.2 days.

BUUU Group Price Performance

NASDAQ:BUUU traded down $0.42 on Tuesday, reaching $18.46. 16,006 shares of the company’s stock were exchanged, compared to its average volume of 33,608. BUUU Group has a 52 week low of $3.67 and a 52 week high of $26.00. The stock has a fifty day simple moving average of $16.88 and a 200-day simple moving average of $12.90.

BUUU Group (NASDAQ:BUUU) last issued its earnings results on Friday, May 8th. The company reported ($0.03) earnings per share for the quarter. The business had revenue of $1.61 million for the quarter.

Analysts Set New Price Targets

A number of equities analysts have weighed in on BUUU shares. Wall Street Zen upgraded shares of BUUU Group to a “hold” rating in a research report on Saturday, March 14th. Weiss Ratings upgraded shares of BUUU Group from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.

BUUU Group Company Profile

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.