Short Interest in Bunzl plc (OTCMKTS:BZLFY) Rises By 96.4%

Bunzl plc (OTCMKTS:BZLFY) saw a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 38,300 shares, an increase of 96.4% from the November 30th total of 19,500 shares. Based on an average daily volume of 89,500 shares, the days-to-cover ratio is presently 0.4 days.

Wall Street Analysts Forecast Growth

BZLFY has been the subject of several research reports. HSBC downgraded shares of Bunzl from a “buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Hsbc Global Res cut shares of Bunzl from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Finally, Royal Bank of Canada raised Bunzl from a “hold” rating to a “moderate buy” rating in a research report on Monday, December 16th.

Bunzl Stock Down 1.0 %

OTCMKTS BZLFY traded down $0.21 on Friday, reaching $20.79. The company had a trading volume of 59,607 shares, compared to its average volume of 53,044. Bunzl has a 1 year low of $18.30 and a 1 year high of $24.57. The firm has a 50-day moving average of $38.49 and a 200-day moving average of $41.45.

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.