Buzzi S.p.A. (OTCMKTS:BZZUY) Stock Short Interest Declines 97.5%

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

Buzzi Trading Up 1.7%

BZZUY stock traded up $0.37 on Friday, reaching $21.54. 3,895 shares of the company’s stock were exchanged, compared to its average volume of 2,101. The stock has a fifty day moving average of $23.47 and a 200-day moving average of $25.49. Buzzi has a twelve month low of $21.14 and a twelve month high of $32.22.

Wall Street Analysts Forecast Growth

BZZUY has been the topic of a number of recent analyst reports. Jefferies Financial Group assumed coverage on shares of Buzzi in a research note on Monday, July 13th. They set a “hold” rating on the stock. UBS Group downgraded shares of Buzzi from a “neutral” rating to a “sell” rating in a research report on Tuesday. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Buzzi has a consensus rating of “Reduce”.

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.