Bunzl plc (OTCMKTS:BZLFY) Short Interest Down 69.9% in January

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

Bunzl Stock Up 1.5 %

OTCMKTS BZLFY traded up $0.31 on Thursday, reaching $21.48. 28,392 shares of the stock were exchanged, compared to its average volume of 59,715. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.15 and a quick ratio of 0.75. Bunzl has a one year low of $18.30 and a one year high of $24.57. The company’s 50-day simple moving average is $26.85 and its two-hundred day simple moving average is $38.46.

Analyst Ratings Changes

A number of analysts have recently issued reports on BZLFY shares. Hsbc Global Res downgraded shares of Bunzl from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. Royal Bank of Canada raised Bunzl from a “hold” rating to a “moderate buy” rating in a research 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 Bunzl from a “buy” rating to a “hold” rating in a research note 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.