Bunzl plc (OTCMKTS:BZLFY) Short Interest Up 96.4% in December

Bunzl plc (OTCMKTS:BZLFY) was the target of a large growth in short interest in December. As of December 15th, there was short interest totalling 38,300 shares, a growth of 96.4% from the November 30th total of 19,500 shares. Based on an average trading volume of 89,500 shares, the days-to-cover ratio is currently 0.4 days.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BZLFY. 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. HSBC cut Bunzl from a “buy” rating to a “hold” rating in a report on Wednesday, December 4th. Finally, Hsbc Global Res cut Bunzl from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th.

Bunzl Stock Performance

Shares of BZLFY traded down $0.21 on Friday, hitting $20.79. 59,607 shares of the stock traded hands, compared to its average volume of 53,044. Bunzl has a 1 year low of $18.30 and a 1 year high of $24.57. The stock’s 50 day moving average is $38.49 and its two-hundred day moving average is $41.45.

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.