Bunzl plc (OTCMKTS:BZLFY) Short Interest Down 69.9% in January

Bunzl plc (OTCMKTS:BZLFY) saw a significant decline in short interest in January. As of January 15th, there was short interest totalling 24,700 shares, a decline of 69.9% from the December 31st total of 82,000 shares. Based on an average trading volume of 135,100 shares, the short-interest ratio is presently 0.2 days.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Hsbc Global Res lowered Bunzl from a “strong-buy” rating to a “hold” rating in a research note 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. HSBC cut Bunzl from a “buy” rating to a “hold” rating in a report on Wednesday, December 4th. Finally, Citigroup upgraded Bunzl from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 13th.

Bunzl Price Performance

Shares of OTCMKTS BZLFY traded up $0.31 during trading hours on Thursday, hitting $21.48. The company’s stock had a trading volume of 28,392 shares, compared to its average volume of 59,715. The business has a 50-day simple moving average of $26.85 and a 200-day simple moving average of $38.46. The company has a quick ratio of 0.75, a current ratio of 1.15 and a debt-to-equity ratio of 0.39. Bunzl has a 12 month low of $18.30 and a 12 month high of $24.57.

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.