Short Interest in Bunzl plc (OTCMKTS:BZLFY) Declines By 98.8%

Bunzl plc (OTCMKTS:BZLFY) was the target of a large decline in short interest in January. As of January 31st, there was short interest totalling 300 shares, a decline of 98.8% from the January 15th total of 24,700 shares. Based on an average trading volume of 97,400 shares, the short-interest ratio is currently 0.0 days.

Analysts Set New Price Targets

Several analysts have recently weighed in on BZLFY shares. Citigroup upgraded shares of Bunzl from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 13th. HSBC lowered shares of Bunzl from a “buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Royal Bank of Canada upgraded shares of Bunzl from a “hold” rating to a “moderate buy” rating in a research report on Monday, December 16th. Finally, Hsbc Global Res downgraded shares of Bunzl from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th.

Bunzl Stock Up 0.7 %

BZLFY stock traded up $0.15 during trading on Wednesday, hitting $21.46. 17,553 shares of the stock traded hands, compared to its average volume of 48,548. Bunzl has a one year low of $18.30 and a one year high of $24.57. The company has a 50 day simple moving average of $22.61 and a 200 day simple moving average of $37.15. The company has a current ratio of 1.15, a quick ratio of 0.75 and a debt-to-equity ratio of 0.39.

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.