BUUU Group Limited (NASDAQ:BUUU) Sees Large Decline in Short Interest

Key Points

• BUUU Group Limited experienced a 35.2% decline in short interest, dropping from 50,600 shares on September 15 to 32,800 shares by September 30.
• The company’s stock traded slightly lower at $8.10, with a 50-day moving average price of $7.65 and a 1-year high of $9.50.
• Wall Street Zen has recently upgraded BUUU Group to a "hold" rating, indicating a positive outlook for future performance.

BUUU Group Limited (NASDAQ:BUUU - Get Free Report) was the target of a significant decline in short interest in September. As of September 30th, there was short interest totaling 32,800 shares, a decline of 35.2% from the September 15th total of 50,600 shares. Based on an average trading volume of 130,300 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 130,300 shares, the days-to-cover ratio is presently 0.3 days.

BUUU Group Trading Down 0.1%

Shares of BUUU Group stock traded down $0.01 on Wednesday, reaching $8.10. 1,560 shares of the company were exchanged, compared to its average volume of 16,770. The stock has a 50-day moving average price of $7.65. BUUU Group has a 1-year low of $3.67 and a 1-year high of $9.50.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded BUUU Group to a "hold" rating in a research note on Saturday, August 23rd.

About BUUU Group

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.