Bunzl plc (OTCMKTS:BZLFY) Short Interest Up 36.0% in March

Bunzl plc (OTCMKTS:BZLFYGet Rating) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 6,800 shares, an increase of 36.0% from the March 15th total of 5,000 shares. Based on an average daily volume of 55,100 shares, the days-to-cover ratio is presently 0.1 days.

Shares of BZLFY stock opened at $40.05 on Monday. The firm has a fifty day moving average price of $38.29 and a 200 day moving average price of $37.88. Bunzl has a 12 month low of $31.41 and a 12 month high of $41.45.

A number of analysts have issued reports on the company. HSBC lowered Bunzl from a “buy” rating to a “hold” rating in a research report on Friday, March 25th. Morgan Stanley upped their price objective on Bunzl from GBX 2,350 ($30.62) to GBX 2,400 ($31.27) and gave the stock an “underweight” rating in a research report on Friday, January 14th. Barclays upped their price objective on Bunzl from GBX 2,800 ($36.49) to GBX 2,935 ($38.25) in a research report on Tuesday, March 1st. Berenberg Bank lowered Bunzl from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Zacks Investment Research lowered Bunzl from a “buy” rating to a “hold” rating in a research report on Wednesday, March 30th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Bunzl presently has a consensus rating of “Hold” and an average target price of $2,019.50.

About Bunzl (Get Rating)

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.

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