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Short Interest in Bunzl plc (OTCMKTS:BZLFY) Rises By 16,166.7%

Bunzl logo with Multi-Sector Conglomerates background

Bunzl plc (OTCMKTS:BZLFY - Get Free Report) was the recipient of a significant increase in short interest during the month of April. As of April 15th, there was short interest totalling 48,800 shares, an increase of 16,166.7% from the March 31st total of 300 shares. Currently, 0.0% of the company's stock are sold short. Based on an average daily trading volume, of 249,800 shares, the days-to-cover ratio is currently 0.2 days.

Bunzl Trading Up 1.0 %

Shares of BZLFY traded up $0.16 during midday trading on Wednesday, hitting $15.65. 101,767 shares of the stock traded hands, compared to its average volume of 97,679. The business's 50 day moving average price is $18.75 and its two-hundred day moving average price is $27.01. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.75 and a current ratio of 1.15. Bunzl has a 1-year low of $14.76 and a 1-year high of $24.57.

Wall Street Analysts Forecast Growth

BZLFY has been the subject of several research reports. Deutsche Bank Aktiengesellschaft upgraded Bunzl from a "hold" rating to a "buy" rating in a research report on Monday, March 24th. Citigroup raised shares of Bunzl from a "hold" rating to a "strong-buy" rating in a report on Monday, January 13th. Peel Hunt downgraded shares of Bunzl from a "moderate buy" rating to a "hold" rating in a research report on Thursday, April 24th. Hsbc Global Res raised shares of Bunzl from a "hold" rating to a "strong-buy" rating in a report on Thursday, March 20th. Finally, Barclays upgraded shares of Bunzl from a "hold" rating to a "strong-buy" rating in a research note on Monday, March 31st. Two research analysts have rated the stock with a hold rating, one has given a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Buy".

Check Out Our Latest Research Report on BZLFY

About Bunzl

(Get Free Report)

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.

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