Buzzi S.p.A. (OTCMKTS:BZZUY) Stock Short Interest Jumps 6,443.1%

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

Wall Street Analyst Weigh In

BZZUY has been the topic of a number of research reports. Jefferies Financial Group initiated coverage on Buzzi in a research report on Monday, July 13th. They set a “hold” rating on the stock. UBS Group downgraded Buzzi from a “neutral” rating to a “sell” rating in a research note on Tuesday, September 22nd. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Buzzi presently has an average rating of “Reduce”.

Buzzi Stock Up 3.4%

Shares of BZZUY stock traded up $0.69 during midday trading on Friday, reaching $20.97. 1,746 shares of the company were exchanged, compared to its average volume of 2,103. The company’s 50 day moving average price is $22.97 and its two-hundred day moving average price is $25.25. Buzzi has a 12 month low of $20.15 and a 12 month high of $32.22.

Buzzi Company Profile

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.