Bunzl PLC (OTCMKTS:BZLFY) Sees Significant Decline in Short Interest

Bunzl PLC (OTCMKTS:BZLFY) was the target of a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 235 shares, a drop of 99.6% from the December 15th total of 66,224 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 145,469 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily trading volume, of 145,469 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are sold short.

Bunzl Stock Down 1.7%

Shares of Bunzl stock opened at $13.80 on Wednesday. The company has a 50-day simple moving average of $14.20 and a two-hundred day simple moving average of $15.39. Bunzl has a 52-week low of $13.46 and a 52-week high of $21.94. The company has a quick ratio of 0.77, a current ratio of 1.36 and a debt-to-equity ratio of 0.69.

Analyst Upgrades and Downgrades

BZLFY has been the subject of several research reports. BNP Paribas lowered shares of Bunzl to a “neutral” rating in a research note on Monday, January 5th. Jefferies Financial Group raised shares of Bunzl to a “moderate sell” rating in a research note on Wednesday, December 17th. Finally, The Goldman Sachs Group raised Bunzl to a “hold” rating in a research report on Friday, October 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Bunzl presently has a consensus rating of “Moderate Buy”.

About Bunzl

Bunzl plc is a multinational distribution and outsourcing specialist headquartered in London, United Kingdom. The company focuses on the supply of non-food consumable products to a broad range of end markets, serving as an intermediary between manufacturers and end users. Through its global network, Bunzl leverages its scale and expertise in supply chain management to provide customers with streamlined procurement, inventory management and logistics services.

The company’s product portfolio spans several key categories, including disposable packaging materials, cleaning and hygiene supplies, personal protective equipment, catering disposables and retail point-of-sale items.