Bunzl PLC (OTCMKTS:BZLFY) Stock Short Interest Climbs 111.5%

Key Points

• Bunzl’s short interest more than doubled to 48,847 shares as of October 15, up 111.5% from September 30. Short interest represented approximately 0.0% of shares outstanding, with a days-to-cover ratio of 1.0.
• Analyst sentiment is mixed but leans neutral: Zacks upgraded Bunzl to “strong buy,” while several other firms downgraded or maintained “hold” or equivalent ratings. MarketBeat’s overall consensus rating is “Hold.”
• BZLFY opened at $19.26, near its one-year high of $19.50, and remained above both its 50-day moving average of $18.22 and 200-day moving average of $16.71.

Bunzl PLC (OTCMKTS:BZLFY - Get Free Report) was the recipient of a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 48,847 shares, a growth of 111.5% from the September 30th total of 23,098 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 48,321 shares, the days-to-cover ratio is presently 1.0 days.

Wall Street Analyst Weigh In

BZLFY has been the topic of several research analyst reports. Zacks Research raised Bunzl from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, October 13th. Sanford C. Bernstein downgraded Bunzl from a "strong-buy" rating to a "hold" rating in a report on Wednesday, September 2nd. Royal Bank Of Canada reissued a "sector perform" rating on shares of Bunzl in a report on Tuesday, July 7th. Deutsche Bank Aktiengesellschaft lowered shares of Bunzl from a "buy" rating to a "hold" rating in a research report on Wednesday, August 12th. Finally, BNP Paribas Exane cut shares of Bunzl from an "outperform" rating to a "neutral" rating in a report on Friday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold".

Bunzl Price Performance

Shares of OTCMKTS:BZLFY opened at $19.26 on Friday. The company has a 50-day simple moving average of $18.22 and a 200-day simple moving average of $16.71. Bunzl has a one year low of $13.32 and a one year high of $19.50. The company has a quick ratio of 0.81, a current ratio of 1.38 and a debt-to-equity ratio of 0.61.

About Bunzl

Bunzl plc is a United Kingdom-based specialist distribution and services company that supplies essential products to businesses across a range of industries. Rather than manufacturing most of the products it sells, Bunzl provides sourcing, inventory management, logistics and other supply-chain services designed to help customers operate efficiently.

Its product portfolio includes foodservice packaging and disposables, cleaning and hygiene supplies, personal protective equipment, workplace safety products, healthcare consumables, catering equipment, retail packaging and related operating supplies.

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