Bunzl PLC (OTCMKTS:BZLFY) Short Interest Up 515.8% in July

Key Points

• Bunzl PLC experienced a significant increase in short interest of 515.8% in July, with total short interest reaching 23,400 shares.
• The company recently announced an increase in its dividend from $0.25 to $0.3289, representing an impressive yield of 263.0%.
• Analysts have given mixed ratings on Bunzl, with the majority rating it as a "hold," while some assign either a "buy" or "strong buy" rating to the stock.

Bunzl PLC (OTCMKTS:BZLFY - Get Free Report) was the target of a large increase in short interest in July. As of July 31st, there was short interest totaling 23,400 shares, anincreaseof515.8% from the July 15th total of 3,800 shares. Based on an average daily trading volume, of 177,600 shares, the short-interest ratio is currently 0.1 days. Approximately0.0% of the company's shares are sold short. Approximately0.0% of the company's shares are sold short. Based on an average daily trading volume, of 177,600 shares, the short-interest ratio is currently 0.1 days.

Bunzl Price Performance

OTCMKTS BZLFY traded up $0.10 during mid-day trading on Thursday, reaching $15.60. 150,947 shares of the stock were exchanged, compared to its average volume of 90,488. Bunzl has a one year low of $14.76 and a one year high of $24.57. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.18 and a quick ratio of 0.76. The stock has a 50 day simple moving average of $15.50 and a 200-day simple moving average of $17.51.

Bunzl Increases Dividend

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

Analyst Ratings Changes

BZLFY has been the subject of a number of research analyst reports. Royal Bank Of Canada lowered shares of Bunzl from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, June 17th. Kepler Capital Markets raised shares of Bunzl to a "hold" rating in a research note on Thursday, June 19th. Finally, Peel Hunt lowered shares of Bunzl from a "moderate buy" rating to a "hold" rating in a research note on Thursday, April 24th. Four analysts have rated the stock with a hold rating, one has issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy".

Bunzl Company Profile

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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