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

Bunzl PLC (OTCMKTS:BZLFY) was the recipient of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 48,847 shares, a growth of 111.5% from the September 30th total of 23,098 shares. Based on an average daily trading volume, of 48,321 shares, the short-interest ratio is presently 1.0 days. Approximately 0.0% of the shares of the company are short sold.

Bunzl Price Performance

Shares of BZLFY opened at $19.26 on Friday. The firm’s 50 day simple moving average is $18.22 and its 200 day simple moving average is $16.71. The company has a quick ratio of 0.81, a current ratio of 1.38 and a debt-to-equity ratio of 0.61. Bunzl has a 1-year low of $13.32 and a 1-year high of $19.50.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Zacks Research upgraded shares of Bunzl from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 13th. Sanford C. Bernstein downgraded Bunzl from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 2nd. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Bunzl in a report on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft cut shares of Bunzl from a “buy” rating to a “hold” rating in a research note on Wednesday, August 12th. Finally, BNP Paribas Exane lowered shares of Bunzl from an “outperform” rating to a “neutral” rating in a research report on Friday, September 4th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

About Bunzl

Bunzl plc is a United Kingdom-based specialist distribution and services company that supplies essential products to businesses across a range of industries. Rather than manufacturing most of the products it sells, Bunzl provides sourcing, inventory management, logistics and other supply-chain services designed to help customers operate efficiently.

Its product portfolio includes foodservice packaging and disposables, cleaning and hygiene supplies, personal protective equipment, workplace safety products, healthcare consumables, catering equipment, retail packaging and related operating supplies.