Short Interest in Bunzl plc (OTCMKTS:BZLFY) Increases By 114.1%

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

Bunzl Stock Performance

BZLFY stock traded up $0.31 during mid-day trading on Thursday, hitting $21.48. The stock had a trading volume of 28,392 shares, compared to its average volume of 59,715. 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. The company has a fifty day moving average of $26.85 and a 200 day moving average of $38.46.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. HSBC lowered Bunzl from a “buy” rating to a “hold” rating in a report on Wednesday, December 4th. Hsbc Global Res cut Bunzl from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Citigroup upgraded shares of Bunzl from a “hold” rating to a “strong-buy” rating in a report on Monday, January 13th. Finally, Royal Bank of Canada upgraded shares of Bunzl from a “hold” rating to a “moderate buy” rating in a research note on Monday, December 16th.

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.