Short Interest in Bunzl PLC (OTCMKTS:BZLFY) Expands By 112.9%

Bunzl PLC (OTCMKTS:BZLFY) was the target of a significant increase in short interest in May. As of May 15th, there was short interest totaling 82,706 shares, an increase of 112.9% from the April 30th total of 38,843 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 44,108 shares, the days-to-cover ratio is presently 1.9 days.

Analyst Ratings Changes

Separately, Barclays downgraded Bunzl from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 19th. Five analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Bunzl currently has a consensus rating of “Hold”.

Bunzl Stock Performance

Shares of Bunzl stock opened at $15.57 on Tuesday. Bunzl has a one year low of $13.32 and a one year high of $17.73. The company has a current ratio of 1.39, a quick ratio of 0.80 and a debt-to-equity ratio of 0.62. The business’s 50 day moving average price is $15.76 and its 200 day moving average price is $14.83.

Bunzl Company Profile

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.