Buzzi S.p.A. (OTCMKTS:BZZUY) Short Interest Down 54.5% in October

Buzzi S.p.A. (OTCMKTS:BZZUY) was the target of a significant decline in short interest in the month of 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 trading volume of 300 shares, the short-interest ratio is currently 1.7 days.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft began coverage on Buzzi in a research note on Wednesday, October 2nd. They issued a “buy” rating on the stock.

Buzzi Stock Up 1.1 %

Shares of BZZUY stock traded up $0.24 on Wednesday, hitting $22.25. 3,159 shares of the stock were exchanged, compared to its average volume of 2,505. Buzzi has a one year low of $14.01 and a one year high of $22.25. The firm’s 50 day moving average is $19.62 and its two-hundred day moving average is $19.80.

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.