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

Buzzi S.p.A. (OTCMKTS:BZZUY) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totaling 3,795 shares, an increase of 6,443.1% from the September 15th total of 58 shares. Based on an average daily trading volume, of 4,426 shares, the days-to-cover ratio is currently 0.9 days.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. UBS Group lowered Buzzi from a “neutral” rating to a “sell” rating in a research note on Tuesday, September 22nd. Jefferies Financial Group initiated coverage on shares of Buzzi in a research note on Monday, July 13th. They issued a “hold” rating for the company. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Buzzi Price Performance

BZZUY traded up $0.69 during trading on Friday, hitting $20.97. 1,746 shares of the company’s stock were exchanged, compared to its average volume of 2,103. Buzzi has a 1 year low of $20.15 and a 1 year high of $32.22. The stock has a 50 day moving average price of $22.97 and a 200 day moving average price of $25.25.

About Buzzi

Buzzi S.p.A. is an Italian multinational manufacturer of cement and ready-mix concrete. The company supplies construction materials for residential, commercial, infrastructure and industrial projects, with operations spanning the production, distribution and sale of cement and related products.

Founded in 1907, Buzzi has developed from an Italian cement producer into an international building-materials group. Its portfolio includes ordinary and specialty cements, as well as ready-mix concrete, serving contractors, distributors, concrete producers and other customers in the construction industry.

Headquartered in Casale Monferrato, Italy, Buzzi operates primarily in Europe and the United States, with a presence in markets including Italy, Germany, Luxembourg, Poland, the Czech Republic, Slovakia and the United States.