Short Interest in Bunzl plc (OTCMKTS:BZLFY) Expands By 114.1%

Bunzl plc (OTCMKTS:BZLFY - Get Free Report) was the recipient of a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 82,000 shares, an increase of 114.1% from the December 31st total of 38,300 shares. Based on an average daily volume of 100,400 shares, the days-to-cover ratio is presently 0.8 days.

Bunzl Price Performance

BZLFY stock traded down $0.10 during trading on Friday, hitting $21.39. 22,605 shares of the company traded hands, compared to its average volume of 55,345. Bunzl has a 1 year low of $18.30 and a 1 year high of $24.57. The stock's 50-day simple moving average is $25.95 and its 200 day simple moving average is $38.19. The company has a quick ratio of 0.75, a current ratio of 1.15 and a debt-to-equity ratio of 0.39.

Wall Street Analysts Forecast Growth

BZLFY has been the topic of a number of recent research reports. Hsbc Global Res lowered Bunzl from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, December 4th. Royal Bank of Canada raised shares of Bunzl from a "hold" rating to a "moderate buy" rating in a report on Monday, December 16th. Citigroup raised shares of Bunzl from a "hold" rating to a "strong-buy" rating in a report on Monday, January 13th. Finally, HSBC lowered shares of Bunzl from a "buy" rating to a "hold" rating in a report on Wednesday, December 4th.

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.