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

Bunzl plc (OTCMKTS:BZLFY) was the recipient of a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 700 shares, a drop of 92.7% from the February 28th total of 9,600 shares. Based on an average daily trading volume, of 123,700 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Bunzl Stock Up 1.2 %

Shares of BZLFY traded up $0.22 on Friday, hitting $19.33. 72,850 shares of the stock traded hands, compared to its average volume of 56,122. Bunzl has a one year low of $18.30 and a one year high of $24.57. The business has a 50 day simple moving average of $20.50 and a 200 day simple moving average of $32.11. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.15 and a quick ratio of 0.75.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on BZLFY shares. Hsbc Global Res raised shares of Bunzl from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 20th. HSBC cut Bunzl from a “buy” rating to a “hold” rating in a report on Wednesday, December 4th. Citigroup upgraded Bunzl from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 13th. Peel Hunt upgraded Bunzl to a “moderate buy” rating in a report on Wednesday, March 5th. Finally, Deutsche Bank Aktiengesellschaft raised shares of Bunzl from a “hold” rating to a “buy” rating in a report on Monday. One research analyst has rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy”.

About Bunzl

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.