Short Interest in Bunzl plc (OTCMKTS:BZLFY) Increases By 144.4%

Bunzl plc (OTCMKTS:BZLFY – Get Rating) was the target of a large growth in short interest in May. As of May 15th, there was short interest totalling 17,600 shares, a growth of 144.4% from the April 30th total of 7,200 shares. Based on an average trading volume of 34,400 shares, the days-to-cover ratio is currently 0.5 days.

Analysts Set New Price Targets

BZLFY has been the topic of several recent research reports. JPMorgan Chase & Co. raised Bunzl from a “neutral” rating to an “overweight” rating in a research report on Monday, March 13th. Royal Bank of Canada raised their price objective on Bunzl from GBX 2,800 ($34.83) to GBX 2,850 ($35.45) in a research report on Tuesday, March 14th. Finally, Societe Generale initiated coverage on Bunzl in a research report on Wednesday, May 3rd. They issued a “buy” rating for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $2,841.67.

Bunzl Stock Up 0.5 %

Shares of BZLFY opened at $38.90 on Friday. The stock has a 50-day moving average of $38.69 and a two-hundred day moving average of $36.79. Bunzl has a one year low of $28.79 and a one year high of $41.00.

Bunzl Increases Dividend

The company also recently declared a dividend, which will be paid on Monday, July 10th. Shareholders of record on Friday, May 19th will be given a dividend of $0.5118 per share. The ex-dividend date of this dividend is Thursday, May 18th. This represents a yield of 1.79%. This is a boost from Bunzl’s previous dividend of $0.18.

Bunzl Company Profile

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Bunzl Plc provides distribution and outsourcing services. It supplies non-food products operating primarily in the foodservice, grocery, cleaning and safety, non-food retail and healthcare markets. The firm offers supply services, including procurement and inventory management. It supply consumable products such as food packaging, disposable tableware and catering equipment, cleaning and hygiene supplies, guest amenities, personal protection equipment, packaging and healthcare consumables to various customer markets including grocery, foodservice, cleaning and hygiene, safety, non-food retail and healthcare.