Bunzl PLC (OTCMKTS:BZLFY) Sees Large Increase in Short Interest

Key Points

• Bunzl PLC experienced a significant increase in short interest in July, with a growth of 375.0% from June, totaling 3,800 shares.
• The company announced an increase in its dividend to $0.3289 per share, raising the dividend yield to 263.0%.
• Analysts have mixed reviews on Bunzl, with the stock rated as "hold" by multiple firms, while also receiving some "buy" and "strong buy" ratings, resulting in a consensus rating of "Moderate Buy".

Bunzl PLC (OTCMKTS:BZLFY - Get Free Report) was the recipient of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 3,800 shares, agrowthof375.0% from the June 30th total of 800 shares. Based on an average daily volume of 148,200 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 148,200 shares, the days-to-cover ratio is currently 0.0 days.

Bunzl Trading Up 0.4%

OTCMKTS:BZLFY opened at $15.03 on Friday. The company has a quick ratio of 0.76, a current ratio of 1.18 and a debt-to-equity ratio of 0.49. The stock's 50-day simple moving average is $15.63 and its 200 day simple moving average is $17.81. Bunzl has a 52-week low of $14.76 and a 52-week high of $24.57.

Bunzl Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, July 9th. Investors of record on Monday, May 26th were given a $0.3289 dividend. This is an increase from Bunzl's previous dividend of $0.25. This represents a dividend yield of 263.0%. The ex-dividend date of this dividend was Friday, May 23rd.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on BZLFY shares. Royal Bank Of Canada downgraded Bunzl from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, June 17th. Peel Hunt downgraded Bunzl from a "moderate buy" rating to a "hold" rating in a research note on Thursday, April 24th. Finally, Kepler Capital Markets raised Bunzl to a "hold" rating in a research note on Thursday, June 19th. Four equities research analysts have rated the stock with a hold rating, one has issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy".

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.