Buzzi Unicem S.p.A. (OTCMKTS:BZZUY) Short Interest Update

Buzzi Unicem S.p.A. (OTCMKTS:BZZUYGet Rating) was the target of a significant growth in short interest in the month of April. As of April 30th, there was short interest totalling 1,500 shares, a growth of 1,400.0% from the April 15th total of 100 shares. Based on an average daily volume of 900 shares, the short-interest ratio is currently 1.7 days.

BZZUY remained flat at $$9.00 during trading on Wednesday. The company has a fifty day moving average of $9.18 and a 200-day moving average of $10.25. Buzzi Unicem has a twelve month low of $8.25 and a twelve month high of $14.25.

A number of analysts recently weighed in on BZZUY shares. JPMorgan Chase & Co. downgraded Buzzi Unicem from a “neutral” rating to an “underweight” rating in a report on Thursday, March 17th. UBS Group decreased their price objective on Buzzi Unicem from €33.00 ($34.74) to €29.00 ($30.53) and set a “buy” rating for the company in a report on Tuesday, March 29th. Finally, HSBC cut shares of Buzzi Unicem from a “buy” rating to a “hold” rating in a research report on Monday, March 28th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $25.50.

About Buzzi Unicem (Get Rating)

Buzzi Unicem S.p.A., together with its subsidiaries, manufactures, distributes, and sells cement, ready-mix concrete, and aggregates. It also offers special binders, safety sheets, and clinkers, as well as construction hydraulic binders for making plasters and masonry works on site. The company has operations in Italy, the United States, Germany, Luxembourg, the Netherlands, Poland, the Czech Republic, Slovakia, Ukraine, Russia, Mexico, and Brazil.

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