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

Buzzi S.p.A. (OTCMKTS:BZZUY) saw a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 58 shares, a decline of 97.5% from the August 31st total of 2,284 shares. Based on an average trading volume of 11,769 shares, the days-to-cover ratio is currently 0.0 days.

Buzzi Stock Performance

Shares of BZZUY stock traded up $0.03 during mid-day trading on Thursday, hitting $21.17. The company’s stock had a trading volume of 1,850 shares, compared to its average volume of 2,089. The company’s fifty day simple moving average is $23.53 and its 200-day simple moving average is $25.52. Buzzi has a 52 week low of $21.14 and a 52 week high of $32.22.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. UBS Group lowered shares of Buzzi from a “neutral” rating to a “sell” rating in a report on Tuesday. Jefferies Financial Group assumed coverage on shares of Buzzi in a research note on Monday, July 13th. They issued a “hold” rating on the stock. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Buzzi has a consensus rating of “Reduce”.

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.