Short Interest in Bunzl plc (OTCMKTS:BZLFY) Drops By 92.7%

Bunzl plc (OTCMKTS:BZLFY) was the target of a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 700 shares, a decline of 92.7% from the February 28th total of 9,600 shares. Based on an average daily volume of 123,700 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

BZLFY has been the subject of a number of research reports. Citigroup upgraded shares of Bunzl from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 13th. HSBC lowered Bunzl from a “buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Deutsche Bank Aktiengesellschaft raised shares of Bunzl from a “hold” rating to a “buy” rating in a report on Monday. Royal Bank of Canada raised Bunzl from a “hold” rating to a “moderate buy” rating in a research report on Monday, December 16th. Finally, Hsbc Global Res upgraded shares of Bunzl from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 20th. One equities research analyst has rated the stock with a hold rating, one has issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy”.

Bunzl Trading Down 0.7 %

Shares of BZLFY stock traded down $0.13 during mid-day trading on Wednesday, reaching $19.11. The stock had a trading volume of 27,039 shares, compared to its average volume of 55,829. Bunzl has a one year low of $18.30 and a one year high of $24.57. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.15 and a quick ratio of 0.75. The firm’s 50 day simple moving average is $20.55 and its 200 day simple moving average is $32.30.

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.