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

Bunzl PLC (OTCMKTS:BZLFY) was the target of a significant drop in short interest in December. As of December 31st, there was short interest totaling 235 shares, a drop of 99.6% from the December 15th total of 66,224 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 145,469 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 145,469 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Bunzl Price Performance

Shares of BZLFY traded up $0.04 during trading hours on Monday, hitting $14.04. The company had a trading volume of 79,411 shares, compared to its average volume of 95,969. The firm has a fifty day moving average price of $14.23 and a 200-day moving average price of $15.42. Bunzl has a 52-week low of $13.46 and a 52-week high of $21.94. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.36 and a quick ratio of 0.77.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on BZLFY shares. Jefferies Financial Group raised shares of Bunzl to a “moderate sell” rating in a research note on Wednesday, December 17th. BNP Paribas cut shares of Bunzl to a “neutral” rating in a research report on Monday, January 5th. Finally, The Goldman Sachs Group raised Bunzl to a “hold” rating in a research report on Friday, October 3rd. Three research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

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.