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

Bunzl plc (OTCMKTS:BZLFY) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 82,000 shares, a growth of 114.1% from the December 15th total of 38,300 shares. Based on an average trading volume of 100,400 shares, the short-interest ratio is currently 0.8 days.

Analyst Upgrades and Downgrades

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

Bunzl Stock Performance

OTCMKTS BZLFY traded up $0.50 on Thursday, hitting $20.94. 91,289 shares of the company’s stock traded hands, compared to its average volume of 70,818. The firm’s 50-day moving average price is $31.45 and its two-hundred day moving average price is $39.76. 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 has a 1-year low of $18.30 and a 1-year 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.