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

Bunzl PLC (OTCMKTS:BZLFY) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totaling 23,300 shares, a decrease of 29.6% from the September 30th total of 33,100 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 106,000 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 106,000 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s stock are short sold.

Bunzl Trading Down 0.9%

Shares of OTCMKTS:BZLFY opened at $15.22 on Monday. The company has a quick ratio of 0.77, a current ratio of 1.36 and a debt-to-equity ratio of 0.69. Bunzl has a 12 month low of $14.76 and a 12 month high of $23.42. The company has a 50-day moving average price of $16.50 and a 200 day moving average price of $15.99.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upgraded shares of Bunzl to a “hold” rating in a research note on Friday, October 3rd. Three equities research 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’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Bunzl Company Profile

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.