Short Interest in Bunzl PLC (OTCMKTS:BZLFY) Decreases By 76.2%

Bunzl PLC (OTCMKTS:BZLFY) was the target of a large decline in short interest in April. As of April 30th, there was short interest totaling 38,843 shares, a decline of 76.2% from the April 15th total of 163,531 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 87,345 shares, the short-interest ratio is presently 0.4 days.

Bunzl Stock Up 0.3%

Shares of OTCMKTS:BZLFY opened at $16.00 on Wednesday. The company has a current ratio of 1.39, a quick ratio of 0.80 and a debt-to-equity ratio of 0.62. Bunzl has a one year low of $13.32 and a one year high of $17.73. The business’s 50-day simple moving average is $15.47 and its 200 day simple moving average is $14.76.

Analysts Set New Price Targets

Separately, Barclays lowered Bunzl from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 19th. Five research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold”.

About Bunzl

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.