Short Interest in Bunzl plc (OTCMKTS:BZLFY) Expands By 441.7%

Posted by Amber O'Connor on Dec 11th, 2024

Bunzl plc (OTCMKTS:BZLFY – Get Free Report) was the recipient of a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 19,500 shares, an increase of 441.7% from the November 15th total of 3,600 shares. Based on an average daily volume of 36,300 shares, the short-interest ratio is presently 0.5 days.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Hsbc Global Res downgraded Bunzl from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. HSBC cut Bunzl from a “buy” rating to a “hold” rating in a research note on Wednesday, December 4th.

Get Our Latest Report on Bunzl

Bunzl Price Performance

OTCMKTS BZLFY traded down $0.36 on Wednesday, hitting $22.54. The stock had a trading volume of 19,457 shares, compared to its average volume of 53,129. The company’s 50-day moving average is $44.40 and its two-hundred day moving average is $42.89. Bunzl has a one year low of $18.30 and a one year high of $24.57.

Bunzl Cuts Dividend

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

Bunzl Company Profile

(Get Free Report)

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.