Bunzl plc (OTCMKTS:BZLFY) Short Interest Up 1,050.0% in May

Bunzl plc (OTCMKTS:BZLFYGet Rating) was the target of a significant increase in short interest in May. As of May 15th, there was short interest totalling 2,300 shares, an increase of 1,050.0% from the April 30th total of 200 shares. Based on an average daily trading volume, of 82,500 shares, the days-to-cover ratio is presently 0.0 days.

BZLFY traded down $0.05 during trading on Wednesday, hitting $35.43. 23,459 shares of the company’s stock were exchanged, compared to its average volume of 39,666. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.34 and a quick ratio of 0.80. Bunzl has a 1 year low of $31.73 and a 1 year high of $41.45. The stock has a 50 day moving average price of $38.39 and a 200 day moving average price of $38.26.

The firm also recently disclosed a dividend, which will be paid on Friday, July 8th. Shareholders of record on Friday, May 20th will be paid a dividend of $0.5104 per share. The ex-dividend date of this dividend is Thursday, May 19th. This represents a yield of 2%.

BZLFY has been the subject of a number of recent research reports. Credit Suisse Group lifted their price target on shares of Bunzl from GBX 2,900 ($36.49) to GBX 3,050 ($38.38) in a report on Thursday, April 21st. Berenberg Bank downgraded shares of Bunzl from a “buy” rating to a “hold” rating in a report on Thursday, April 14th. Zacks Investment Research downgraded shares of Bunzl from a “buy” rating to a “hold” rating in a report on Wednesday, March 30th. HSBC downgraded shares of Bunzl from a “buy” rating to a “hold” rating in a report on Friday, March 25th. Finally, Barclays boosted their target price on shares of Bunzl from GBX 2,800 ($35.23) to GBX 2,935 ($36.93) in a report on Tuesday, March 1st. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $2,225.60.

Bunzl Company Profile (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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