Buzzi S.p.A. (OTCMKTS:BZZUY) Short Interest Up 184.1% in August

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Citigroup reissued a “neutral” rating on shares of Buzzi in a report on Thursday, May 21st. Jefferies Financial Group started coverage on Buzzi in a research note on Monday, July 13th. They issued a “hold” rating on the stock. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold”.

Buzzi Stock Performance

BZZUY opened at $24.62 on Friday. Buzzi has a twelve month low of $22.81 and a twelve month high of $32.22. The firm’s 50-day moving average price is $24.79 and its 200 day moving average price is $26.30.

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.