Bunzl plc (OTCMKTS:BZLFY) Sees Significant Drop in Short Interest

Bunzl plc (OTCMKTS:BZLFY - Get Free Report) was the recipient of a significant decline in short interest in January. As of January 15th, there was short interest totalling 24,700 shares, a decline of 69.9% from the December 31st total of 82,000 shares. Based on an average daily trading volume, of 135,100 shares, the short-interest ratio is presently 0.2 days.

Bunzl Stock Down 1.0 %

Shares of Bunzl stock traded down $0.21 during trading on Monday, reaching $21.18. The company's stock had a trading volume of 33,084 shares, compared to its average volume of 56,675. The stock has a 50-day moving average price of $25.95 and a two-hundred day moving average price of $38.16. 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 one year low of $18.30 and a one year high of $24.57.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. HSBC downgraded shares of Bunzl from a "buy" rating to a "hold" rating in a research note on Wednesday, December 4th. 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. Hsbc Global Res downgraded shares of Bunzl from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 4th. Finally, Citigroup upgraded shares of Bunzl from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 13th.

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.