Bunzl PLC (OTCMKTS:BZLFY) Short Interest Update

Bunzl PLC (OTCMKTS:BZLFY) saw a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 33,100 shares, an increase of 65.5% from the September 15th total of 20,000 shares. Based on an average trading volume of 74,600 shares, the days-to-cover ratio is presently 0.4 days. Based on an average trading volume of 74,600 shares, the days-to-cover ratio is presently 0.4 days.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upgraded shares of Bunzl to a “hold” rating in a report on Friday, October 3rd. Three investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Bunzl Stock Down 0.2%

Shares of BZLFY stock opened at $16.54 on Wednesday. The stock has a fifty day moving average price of $16.47 and a 200 day moving average price of $16.20. The company has a quick ratio of 0.77, a current ratio of 1.36 and a debt-to-equity ratio of 0.69. Bunzl has a 1 year low of $14.76 and a 1 year high of $23.55.

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.