Bunzl plc (OTCMKTS:BZLFY) Short Interest Update

Bunzl plc (OTCMKTS:BZLFY) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totalling 38,300 shares, a growth of 96.4% from the November 30th total of 19,500 shares. Based on an average trading volume of 89,500 shares, the days-to-cover ratio is presently 0.4 days.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Royal Bank of Canada raised shares of Bunzl from a “hold” rating to a “moderate buy” rating in a research note on Monday, December 16th. HSBC downgraded Bunzl from a “buy” rating to a “hold” rating in a report on Wednesday, December 4th. Finally, Hsbc Global Res cut Bunzl from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th.

Bunzl Stock Down 1.0 %

Shares of Bunzl stock traded down $0.21 on Friday, hitting $20.79. The stock had a trading volume of 59,607 shares, compared to its average volume of 53,044. Bunzl has a one year low of $18.30 and a one year high of $24.57. The stock’s 50-day simple moving average is $37.97 and its two-hundred day simple moving average is $41.36.

Bunzl Company Profile

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.