Bunzl plc (OTCMKTS:BZLFY) Sees Large Increase in Short Interest

Bunzl plc (OTCMKTS:BZLFY) was the recipient of a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 400 shares, a growth of 33.3% from the January 31st total of 300 shares. Based on an average daily volume of 51,800 shares, the short-interest ratio is currently 0.0 days.

Bunzl Price Performance

Shares of BZLFY traded down $1.81 on Tuesday, reaching $19.39. 39,181 shares of the company’s stock were exchanged, compared to its average volume of 47,857. Bunzl has a 12 month low of $18.30 and a 12 month high of $24.57. The company has a current ratio of 1.15, a quick ratio of 0.75 and a debt-to-equity ratio of 0.39. The business has a 50 day moving average price of $20.97 and a two-hundred day moving average price of $35.16.

Analysts Set New Price Targets

Several analysts have weighed in on BZLFY shares. Citigroup raised shares of Bunzl from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 13th. HSBC lowered Bunzl from a “buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Royal Bank of Canada upgraded Bunzl from a “hold” rating to a “moderate buy” rating in a research note on Monday, December 16th. Finally, Hsbc Global Res downgraded shares of Bunzl from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th.

About Bunzl

Bunzl plc operates as a distribution and services company in the North America, Continental Europe, the United Kingdom, Ireland, and internationally. The company offers food packaging, films, labels, cleaning and hygiene supplies, and personal protection equipment to grocery stores, supermarkets, and convenience stores.