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

Bunzl PLC (OTCMKTS:BZLFY) was the target of a large increase in short interest in January. As of January 15th, there was short interest totaling 87,968 shares, an increase of 37,333.2% from the December 31st total of 235 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 290,378 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 290,378 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the company’s stock are short sold.

Bunzl Stock Performance

Shares of OTCMKTS:BZLFY opened at $13.91 on Wednesday. Bunzl has a 1-year low of $13.32 and a 1-year high of $21.94. The company has a current ratio of 1.36, a quick ratio of 0.77 and a debt-to-equity ratio of 0.69. The firm has a fifty day moving average price of $14.08 and a 200 day moving average price of $15.26.

Analyst Upgrades and Downgrades

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