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

Bunzl plc (OTCMKTS:BZLFY) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 82,000 shares, an increase of 114.1% from the December 15th total of 38,300 shares. Based on an average daily trading volume, of 100,400 shares, the short-interest ratio is presently 0.8 days.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Royal Bank of Canada upgraded shares of Bunzl from a “hold” rating to a “moderate buy” rating in a research report on Monday, December 16th. Hsbc Global Res cut shares of Bunzl from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Finally, HSBC downgraded Bunzl from a “buy” rating to a “hold” rating in a research note on Wednesday, December 4th.

Bunzl Price Performance

OTCMKTS BZLFY traded down $0.01 during trading hours on Wednesday, reaching $20.24. 102,687 shares of the company’s stock were exchanged, compared to its average volume of 70,263. Bunzl has a one year low of $18.30 and a one year high of $24.57. The company’s 50-day moving average is $31.95 and its two-hundred day moving average is $39.89.

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.