Short Interest in Buzzi S.p.A. (OTCMKTS:BZZUY) Declines By 54.5%

Buzzi S.p.A. (OTCMKTS:BZZUY) was the recipient of a large decrease in short interest in the month of October. As of October 31st, there was short interest totalling 500 shares, a decrease of 54.5% from the October 15th total of 1,100 shares. Based on an average trading volume of 300 shares, the days-to-cover ratio is currently 1.7 days.

Buzzi Price Performance

Shares of OTCMKTS BZZUY traded up $0.24 during midday trading on Wednesday, reaching $22.25. The company’s stock had a trading volume of 3,159 shares, compared to its average volume of 2,505. The firm has a 50 day moving average price of $19.62 and a 200-day moving average price of $19.80. Buzzi has a 12-month low of $14.01 and a 12-month high of $22.25.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft initiated coverage on Buzzi in a research report on Wednesday, October 2nd. They set a “buy” rating for the company.

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.