Short Interest in BUUU Group Limited (NASDAQ:BUUU) Drops By 40.4%

BUUU Group Limited (NASDAQ:BUUU) was the target of a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 3,270 shares, a decrease of 40.4% from the May 31st total of 5,487 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 18,638 shares, the days-to-cover ratio is currently 0.2 days.

BUUU Group Stock Performance

Shares of NASDAQ:BUUU traded up $2.46 during trading on Thursday, reaching $24.05. The stock had a trading volume of 7,824 shares, compared to its average volume of 34,848. The business has a fifty day moving average price of $18.17 and a 200-day moving average price of $13.97. BUUU Group has a 1-year low of $3.67 and a 1-year high of $27.00.

BUUU Group (NASDAQ:BUUU) last announced its quarterly earnings data on Friday, May 8th. The company reported ($0.03) earnings per share for the quarter. The business had revenue of $1.61 million during the quarter.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Weiss Ratings raised shares of BUUU Group from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, May 1st. Wall Street Zen upgraded shares of BUUU Group to a “hold” rating in a research report on Saturday, June 27th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

BUUU Group Company Profile

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.