Short Interest in Bunzl plc (OTCMKTS:BZLFY) Expands By 2,300.0%

Bunzl plc (OTCMKTS:BZLFY) was the target of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 9,600 shares, a growth of 2,300.0% from the February 13th total of 400 shares. Based on an average daily trading volume, of 100,300 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Bunzl Stock Performance

Shares of OTCMKTS:BZLFY opened at $19.17 on Thursday. The firm’s 50 day moving average is $20.76 and its two-hundred day moving average is $34.11. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.75 and a current ratio of 1.15. Bunzl has a 52 week low of $18.30 and a 52 week high of $24.57.

Analysts Set New Price Targets

BZLFY has been the topic of several research reports. Royal Bank of Canada upgraded shares of Bunzl from a “hold” rating to a “moderate buy” rating in a research note on Monday, December 16th. Peel Hunt upgraded Bunzl to a “moderate buy” rating in a research report on Wednesday, March 5th. HSBC downgraded Bunzl from a “buy” rating to a “hold” rating in a report on Wednesday, December 4th. Citigroup upgraded Bunzl from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 13th. Finally, Hsbc Global Res cut Bunzl from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Two investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

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.