Buzzi Unicem S.p.A. (OTCMKTS:BZZUF) was the target of a significant drop in short interest in July. As of July 15th, there was short interest totalling 82,000 shares, a drop of 20.1% from the June 30th total of 102,600 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is presently 820.0 days.
OTCMKTS:BZZUF remained flat at $$26.30 during trading hours on Monday. The company had a trading volume of 180 shares, compared to its average volume of 488. The stock has a fifty day moving average price of $28.52. Buzzi Unicem has a fifty-two week low of $24.15 and a fifty-two week high of $29.00.
Separately, Zacks Investment Research lowered Buzzi Unicem from a “buy” rating to a “hold” rating in a research note on Thursday.
Buzzi Unicem Company Profile
Buzzi Unicem SpA engages in the production and sale of cement, ready-mix concrete and natural aggregates. Its operations are carried through the following geographical segments: Italy; Central Europe which comprises Germany, Luxembourg and the Netherlands; Eastern Europe which covers Poland, Czech Republic, Slovakia, Ukraine, and Russia; the United States of America; and Mexico.
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