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

Bunzl plc (OTCMKTS:BZLFY) was the target of a large growth in short interest in 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 trading volume, of 100,400 shares, the days-to-cover ratio is presently 0.8 days.

Analyst Ratings Changes

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

Bunzl Stock Performance

Shares of OTCMKTS:BZLFY traded up $0.31 during trading hours on Thursday, hitting $21.48. 28,392 shares of the company’s stock traded hands, compared to its average volume of 59,715. The company’s fifty day simple moving average is $26.85 and its two-hundred day simple moving average is $38.46. 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 52 week low of $18.30 and a 52 week high of $24.57.

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.