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

Bunzl PLC (OTCMKTS:BZLFY) was the recipient of a large increase in short interest during the month of March. As of March 13th, there was short interest totaling 155,035 shares, an increase of 32.0% from the February 26th total of 117,479 shares. Based on an average daily trading volume, of 199,923 shares, the short-interest ratio is currently 0.8 days. Approximately 0.0% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on BZLFY. Barclays downgraded shares of Bunzl from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 19th. Jefferies Financial Group upgraded shares of Bunzl to a “moderate sell” rating in a report on Wednesday, December 17th. Finally, BNP Paribas Exane lowered shares of Bunzl to a “neutral” rating in a research report on Monday, January 5th. Six research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold”.

Bunzl Trading Up 1.5%

Shares of Bunzl stock traded up $0.22 during trading hours on Monday, reaching $14.61. The stock had a trading volume of 46,649 shares, compared to its average volume of 159,414. Bunzl has a 1 year low of $13.32 and a 1 year high of $20.44. 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 firm has a 50 day simple moving average of $14.55 and a two-hundred day simple moving average of $14.87.

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.