Short Interest in Bunzl PLC (OTCMKTS:BZLFY) Drops By 66.1%

Key Points

• Short interest in Bunzl PLC saw a significant decrease of 66.1%, dropping from 59,000 shares to 20,000 shares in September.
• Analyst ratings for Bunzl range from Strong Buy to Hold, with three analysts recommending a Strong Buy and one recommending a Buy.
• Bunzl's stock price increased by 1.3%, with a current trading price of $16.12, amidst a 1-year price range of $14.76 to $23.98.

Bunzl PLC (OTCMKTS:BZLFY - Get Free Report) was the recipient of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 20,000 shares, a drop of 66.1% from the August 31st total of 59,000 shares. Based on an average daily volume of 110,900 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 110,900 shares, the short-interest ratio is currently 0.2 days.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on BZLFY. Royal Bank Of Canada downgraded shares of Bunzl from a "moderate buy" rating to a "hold" rating in a report on Tuesday, June 17th. Kepler Capital Markets raised shares of Bunzl to a "hold" rating in a research note on Thursday, June 19th. Three analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy".

Bunzl Stock Up 1.3%

Shares of OTCMKTS BZLFY opened at $16.12 on Thursday. Bunzl has a 1-year low of $14.76 and a 1-year high of $23.98. The company has a 50-day moving average of $16.16 and a two-hundred day moving average of $16.50.

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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