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

BUUU Group Limited (NASDAQ:BUUU) saw a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 35,386 shares, a growth of 68.8% from the September 30th total of 20,959 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 113,557 shares, the short-interest ratio is presently 0.3 days.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of BUUU Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, October 26th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, BUUU Group presently has an average rating of “Sell”.

BUUU Group Stock Down 5.9%

Shares of NASDAQ BUUU opened at $5.75 on Tuesday. BUUU Group has a 1-year low of $0.57 and a 1-year high of $7.40. The business’s fifty day moving average price is $4.17 and its two-hundred day moving average price is $2.33.

BUUU Group (NASDAQ:BUUU) last announced its quarterly earnings results on Friday, October 30th. The company reported ($0.01) earnings per share (EPS) for the quarter. The firm had revenue of $1.71 million for the quarter.

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.