Short Interest in Bunzl plc (OTCMKTS:BZLFY) Increases By 441.7%

Bunzl plc (OTCMKTS:BZLFY) saw a significant growth in short interest in the month of November. As of November 30th, there was short interest totalling 19,500 shares, a growth of 441.7% from the November 15th total of 3,600 shares. Based on an average daily trading volume, of 36,300 shares, the short-interest ratio is presently 0.5 days.

Bunzl Stock Performance

Shares of BZLFY traded down $0.36 during trading on Wednesday, reaching $22.54. The company’s stock had a trading volume of 19,457 shares, compared to its average volume of 53,129. The company has a fifty day moving average of $44.40 and a two-hundred day moving average of $42.89. Bunzl has a twelve month low of $18.30 and a twelve month high of $24.57.

Bunzl Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, January 10th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.2511 per share. The ex-dividend date is Friday, November 15th.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on BZLFY shares. Hsbc Global Res downgraded shares of Bunzl from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. HSBC cut shares of Bunzl from a “buy” rating to a “hold” rating in a research report on Wednesday, December 4th.

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.