Bunzl PLC (OTCMKTS:BZLFY) Short Interest Up 22.1% in March

Bunzl PLC (OTCMKTS:BZLFY) was the recipient of a significant growth in short interest in March. As of March 31st, there was short interest totaling 189,364 shares, a growth of 22.1% from the March 15th total of 155,035 shares. Based on an average daily trading volume, of 187,383 shares, the short-interest ratio is presently 1.0 days. Currently, 0.0% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

BZLFY has been the topic of a number of research analyst reports. BNP Paribas Exane cut Bunzl to a “neutral” rating in a research note on Monday, January 5th. Barclays cut Bunzl from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 19th. Six analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Bunzl Price Performance

Shares of OTCMKTS:BZLFY opened at $15.83 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.80 and a current ratio of 1.39. The business has a fifty day moving average of $14.93 and a two-hundred day moving average of $14.78. Bunzl has a 52-week low of $13.32 and a 52-week high of $17.73.

About Bunzl

Bunzl plc is a multinational distribution and outsourcing specialist headquartered in London, United Kingdom. The company focuses on the supply of non-food consumable products to a broad range of end markets, serving as an intermediary between manufacturers and end users. Through its global network, Bunzl leverages its scale and expertise in supply chain management to provide customers with streamlined procurement, inventory management and logistics services.

The company’s product portfolio spans several key categories, including disposable packaging materials, cleaning and hygiene supplies, personal protective equipment, catering disposables and retail point-of-sale items.