Buzzi S.p.A. (OTCMKTS:BZZUY – Get Free Report) was the recipient of a large decline in short interest in October. As of October 31st, there was short interest totalling 500 shares, a decline of 54.5% from the October 15th total of 1,100 shares. Based on an average daily volume of 300 shares, the short-interest ratio is presently 1.7 days.
Buzzi Trading Down 2.0 %
Shares of Buzzi stock traded down $0.46 on Friday, hitting $21.80. 1,096 shares of the company traded hands, compared to its average volume of 2,495. The company has a 50-day moving average price of $19.73 and a 200 day moving average price of $19.83. Buzzi has a 12-month low of $14.01 and a 12-month high of $22.25.
Wall Street Analyst Weigh In
Separately, Deutsche Bank Aktiengesellschaft started coverage on shares of Buzzi in a research report on Wednesday, October 2nd. They set a “buy” rating on the stock.
About Buzzi
Buzzi S.p.A., together with its subsidiaries, manufactures, distributes, and sells cement, ready-mix concrete, and aggregates. It has operations primarily in Italy, the United States, Germany, Luxembourg, the Netherlands, Poland, the Czech Republic, Slovakia, Ukraine, Mexico, and Brazil. Buzzi S.p.A.
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