Bunzl plc (OTCMKTS:BZLFY) Sees Large Growth in Short Interest

Bunzl plc (OTCMKTS:BZLFY) was the recipient of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 9,600 shares, a growth of 2,300.0% from the February 13th total of 400 shares. Based on an average trading volume of 100,300 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. HSBC cut Bunzl from a “buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Royal Bank of Canada raised Bunzl from a “hold” rating to a “moderate buy” rating in a research report on Monday, December 16th. Peel Hunt raised shares of Bunzl to a “moderate buy” rating in a research report on Wednesday, March 5th. Hsbc Global Res lowered shares of Bunzl from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Finally, Citigroup raised shares of Bunzl from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 13th. Two research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Bunzl Stock Performance

Bunzl stock opened at $18.62 on Friday. The stock’s 50 day moving average is $20.72 and its 200 day moving average is $34.00. Bunzl has a twelve month low of $18.30 and a twelve month high of $24.57. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.75 and a current ratio of 1.15.

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.