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

Bunzl plc (OTCMKTS:BZLFY) was the recipient of a significant drop in short interest in November. As of November 15th, there was short interest totalling 3,600 shares, a drop of 53.2% from the October 31st total of 7,700 shares. Based on an average trading volume of 37,600 shares, the days-to-cover ratio is currently 0.1 days.

Bunzl Price Performance

OTCMKTS BZLFY traded up $0.66 during trading on Friday, reaching $45.42. The company’s stock had a trading volume of 9,168 shares, compared to its average volume of 26,598. Bunzl has a 1-year low of $36.60 and a 1-year high of $49.13. The business has a 50-day moving average price of $45.61 and a 200-day moving average price of $42.76.

Bunzl Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, January 10th. Investors of record on Friday, November 15th will be paid a $0.2511 dividend. The ex-dividend date is Friday, November 15th.

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.