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

Bunzl PLC (OTCMKTS:BZLFY) was the recipient of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 38,843 shares, a drop of 76.2% from the April 15th total of 163,531 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 87,345 shares, the short-interest ratio is presently 0.4 days.

Analyst Upgrades and Downgrades

Separately, Barclays downgraded shares of Bunzl from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 19th. Five analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Bunzl Stock Performance

BZLFY stock traded down $0.21 during mid-day trading on Thursday, hitting $15.80. 21,069 shares of the company were exchanged, compared to its average volume of 35,428. The business has a 50 day simple moving average of $15.51 and a 200-day simple moving average of $14.75. The company has a current ratio of 1.39, a quick ratio of 0.80 and a debt-to-equity ratio of 0.62. Bunzl has a 1-year low of $13.32 and a 1-year high of $17.73.

About Bunzl

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.