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

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 recipient of a significant 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. Approximately0.0% of the shares of the stock are short sold. Based on an average daily volume of 177,600 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 177,600 shares, the short-interest ratio is presently 0.1 days. Approximately0.0% of the shares of the stock are short sold.

Bunzl Trading Up 2.6%

Shares of Bunzl stock traded up $0.40 on Tuesday, hitting $15.82. 112,467 shares of the company traded hands, compared to its average volume of 59,715. The stock's 50 day moving average price is $15.50 and its 200-day moving average price is $17.33. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.76 and a current ratio of 1.18. Bunzl has a 52 week low of $14.7615 and a 52 week high of $24.5650.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Kepler Capital Markets upgraded Bunzl to a "hold" rating in a research report on Thursday, June 19th. Royal Bank Of Canada lowered Bunzl from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, June 17th. Finally, Peel Hunt lowered Bunzl from a "moderate buy" rating to a "hold" rating in a research report on Thursday, April 24th. Three equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average 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.