Bunzl plc (OTCMKTS:BZLFY) Sees Large Drop in Short Interest

Bunzl plc (OTCMKTS:BZLFY) was the target of a large decline in short interest in March. As of March 15th, there was short interest totalling 700 shares, a decline of 92.7% from the February 28th total of 9,600 shares. Based on an average daily volume of 123,700 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on BZLFY shares. HSBC cut Bunzl from a “buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Hsbc Global Res upgraded shares of Bunzl from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 20th. Royal Bank of Canada raised Bunzl from a “hold” rating to a “moderate buy” rating in a report on Monday, December 16th. Citigroup upgraded shares of Bunzl from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 13th. Finally, Peel Hunt upgraded Bunzl to a “moderate buy” rating in a research report on Wednesday, March 5th. One investment analyst has rated the stock with a hold rating, one has given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy”.

Bunzl Trading Down 0.7 %

BZLFY stock traded down $0.13 during midday trading on Thursday, reaching $19.11. 27,039 shares of the company traded hands, compared to its average volume of 55,829. The business has a 50 day moving average of $20.53 and a 200-day moving average of $32.20. Bunzl has a 52-week low of $18.30 and a 52-week high of $24.57. The company has a current ratio of 1.15, a quick ratio of 0.75 and a debt-to-equity ratio of 0.39.

Bunzl Company Profile

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.