Bunzl PLC (OTCMKTS:BZLFY) Short Interest Update

Bunzl PLC (OTCMKTS:BZLFY) was the target of a large decline in short interest in September. As of September 15th, there was short interest totaling 17,485 shares, a decline of 66.6% from the August 31st total of 52,421 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 53,907 shares, the days-to-cover ratio is presently 0.3 days.

Analyst Ratings Changes

BZLFY has been the topic of a number of research analyst reports. Royal Bank Of Canada restated a “sector perform” rating on shares of Bunzl in a research report on Tuesday, July 7th. Sanford C. Bernstein lowered Bunzl from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, September 2nd. Citigroup restated a “buy” rating on shares of Bunzl in a report on Thursday, June 25th. Deutsche Bank Aktiengesellschaft cut Bunzl from a “buy” rating to a “hold” rating in a report on Wednesday, August 12th. Finally, BNP Paribas Exane lowered shares of Bunzl from an “outperform” rating to a “neutral” rating in a report on Friday, September 4th. One analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Bunzl has an average rating of “Hold”.

Bunzl Trading Up 0.6%

OTCMKTS:BZLFY traded up $0.10 on Monday, hitting $17.73. 9,933 shares of the stock were exchanged, compared to its average volume of 80,217. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.80 and a current ratio of 1.39. Bunzl has a 52 week low of $13.32 and a 52 week high of $19.50. The company’s 50-day moving average price is $18.42 and its 200 day moving average price is $17.05.

Bunzl Company Profile

Bunzl plc is an international distribution and outsourcing company that supplies essential products and services to businesses across a range of industries. Its customers include organizations in the foodservice, retail, grocery, healthcare, hospitality, cleaning, safety and industrial sectors.

The company distributes products such as food packaging and disposable supplies, cleaning and hygiene products, personal protective equipment, catering equipment, workplace safety supplies, healthcare consumables and retail packaging.