Bunzl PLC (OTCMKTS:BZLFY) Stock Short Interest Climbs 111.5%

Bunzl PLC (OTCMKTS:BZLFY) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 48,847 shares, an increase of 111.5% from the September 30th total of 23,098 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 48,321 shares, the short-interest ratio is presently 1.0 days.

Analysts Set New Price Targets

Several research firms have recently commented on BZLFY. Royal Bank Of Canada restated a “sector perform” rating on shares of Bunzl in a research note on Tuesday, July 7th. Sanford C. Bernstein lowered shares of Bunzl from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 2nd. BNP Paribas Exane lowered shares of Bunzl from an “outperform” rating to a “neutral” rating in a research report on Friday, September 4th. Zacks Research raised shares of Bunzl from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 13th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Bunzl from a “buy” rating to a “hold” rating in a research report on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Bunzl Trading Up 0.9%

Bunzl stock opened at $19.26 on Friday. Bunzl has a one year low of $13.32 and a one year high of $19.50. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.38 and a quick ratio of 0.81. The business has a fifty day moving average of $18.22 and a two-hundred day moving average of $16.71.

Bunzl Company Profile

Bunzl plc is a United Kingdom-based specialist distribution and services company that supplies essential products to businesses across a range of industries. Rather than manufacturing most of the products it sells, Bunzl provides sourcing, inventory management, logistics and other supply-chain services designed to help customers operate efficiently.

Its product portfolio includes foodservice packaging and disposables, cleaning and hygiene supplies, personal protective equipment, workplace safety products, healthcare consumables, catering equipment, retail packaging and related operating supplies.