Bunzl PLC (OTCMKTS:BZLFY) Short Interest Down 35.4% in February

Bunzl PLC (OTCMKTS:BZLFY) was the recipient of a significant decline in short interest in February. As of February 27th, there was short interest totaling 117,479 shares, a decline of 35.4% from the February 12th total of 181,948 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 713,624 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 713,624 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BZLFY. BNP Paribas Exane cut Bunzl to a “neutral” rating in a research note on Monday, January 5th. Jefferies Financial Group raised Bunzl to a “moderate sell” rating in a research report on Wednesday, December 17th. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Bunzl Trading Up 0.5%

Shares of OTCMKTS:BZLFY opened at $15.00 on Friday. The firm has a 50 day simple moving average of $14.34 and a 200-day simple moving average of $15.07. Bunzl has a twelve month low of $13.32 and a twelve month high of $20.44. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.77 and a current ratio of 1.36.

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.