Bunzl PLC (OTCMKTS:BZLFY) Sees Significant Growth in Short Interest

Bunzl PLC (OTCMKTS:BZLFY) was the target of a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 181,948 shares, an increase of 116.4% from the January 29th total of 84,081 shares. Based on an average daily volume of 173,954 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 173,954 shares, the days-to-cover ratio is currently 1.0 days.

Bunzl Stock Down 0.1%

BZLFY traded down $0.01 during midday trading on Friday, reaching $14.59. 17,086 shares of the company’s stock were exchanged, compared to its average volume of 164,590. Bunzl has a 1-year low of $13.32 and a 1-year high of $21.34. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.77 and a current ratio of 1.36. The business’s 50-day moving average price is $14.17 and its 200 day moving average price is $15.12.

Analyst Upgrades and Downgrades

Several brokerages recently commented on BZLFY. BNP Paribas Exane cut shares of Bunzl to a “neutral” rating in a research note on Monday, January 5th. Jefferies Financial Group upgraded shares of Bunzl to a “moderate sell” rating in a research report on Wednesday, December 17th. Two research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Bunzl Company Profile

Bunzl plc is a multinational distribution and outsourcing specialist headquartered in London, United Kingdom. The company focuses on the supply of non-food consumable products to a broad range of end markets, serving as an intermediary between manufacturers and end users. Through its global network, Bunzl leverages its scale and expertise in supply chain management to provide customers with streamlined procurement, inventory management and logistics services.

The company’s product portfolio spans several key categories, including disposable packaging materials, cleaning and hygiene supplies, personal protective equipment, catering disposables and retail point-of-sale items.