BUUU Group Limited (NASDAQ:BUUU) Sees Significant Decrease in Short Interest

Key Points

• Short interest fell 16.7% to 3,902 shares as of March 13, leaving a days-to-cover ratio of just 0.2 and effectively 0.0% of the stock sold short.
• Analyst sentiment remains negative with a MarketBeat consensus rating of "Sell", though Wall Street Zen recently upgraded BUUU to a "Hold" while Weiss Ratings maintained a sell view.
• Shares opened at $14.46 and were down 5.2%; the stock's 50-day/200-day moving averages are $12.54 and $9.59 respectively, with a 12-month range of $3.67–$20.76 and a low debt-to-equity of 0.02.

BUUU Group Limited (NASDAQ:BUUU - Get Free Report) saw a large decrease in short interest in the month of March. As of March 13th, there was short interest totaling 3,902 shares, a decrease of 16.7% from the February 26th total of 4,683 shares. Based on an average daily volume of 17,558 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company's stock are sold short.

Analysts Set New Price Targets

BUUU has been the subject of a number of analyst reports. Weiss Ratings reissued a "sell (e)" rating on shares of BUUU Group in a research report on Monday, December 29th. Wall Street Zen raised shares of BUUU Group to a "hold" rating in a report on Saturday, March 14th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of "Sell".

BUUU Group Trading Down 5.2%

Shares of BUUU stock opened at $14.46 on Monday. The firm has a fifty day moving average price of $12.54 and a 200 day moving average price of $9.59. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.02. BUUU Group has a 12 month low of $3.67 and a 12 month high of $20.76.

BUUU Group Company Profile

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. (a) Event management services In the realm of event management, our operating subsidiary, BU Creation, excels as creative planners and meticulous executors. We curate and manage a wide spectrum of events, including cultural, artistic, recreational, and corporate promotions.

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