Bunzl PLC (OTCMKTS:BZLFY) Short Interest Update

Key Points

• Bunzl PLC experienced a dramatic increase in short interest, rising by 594.1% from 8,500 shares to 59,000 shares in August.
• As of August 31st, the short-interest ratio stands at 0.5 days based on an average trading volume of 118,100 shares.
• Analyst ratings for Bunzl stock include three Strong Buy ratings, one Buy, and four Hold ratings, leading to an overall average rating of "Moderate Buy".

Bunzl PLC (OTCMKTS:BZLFY - Get Free Report) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 59,000 shares, an increase of 594.1% from the August 15th total of 8,500 shares. Based on an average daily volume of 118,100 shares, the short-interest ratio is presently 0.5 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 118,100 shares, the short-interest ratio is presently 0.5 days.

Bunzl Stock Up 0.6%

Shares of OTCMKTS BZLFY traded up $0.10 during mid-day trading on Tuesday, hitting $16.92. The company had a trading volume of 38,426 shares, compared to its average volume of 54,495. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.18 and a quick ratio of 0.76. Bunzl has a 1 year low of $14.76 and a 1 year high of $24.57. The stock's 50-day moving average price is $16.00 and its 200-day moving average price is $16.72.

Analyst Ratings Changes

A number of brokerages have recently commented on BZLFY. Kepler Capital Markets raised Bunzl to a "hold" rating in a research report on Thursday, June 19th. Royal Bank Of Canada cut Bunzl from a "moderate buy" rating to a "hold" rating in a research note on Tuesday, June 17th. Three investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock 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.