Short Interest in Bunzl PLC (OTCMKTS:BZLFY) Expands By 116.4%

Bunzl PLC (OTCMKTS:BZLFY) saw a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 181,948 shares, a growth of 116.4% from the January 29th total of 84,081 shares. Based on an average daily volume of 173,954 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.0% of the shares of the company are short sold. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 173,954 shares, the days-to-cover ratio is currently 1.0 days.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. BNP Paribas Exane lowered shares of Bunzl to a “neutral” rating in a research note on Monday, January 5th. Jefferies Financial Group raised Bunzl to a “moderate sell” rating in a report on Wednesday, December 17th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.

Bunzl Stock Up 1.6%

OTCMKTS BZLFY traded up $0.23 on Friday, reaching $14.83. 1,194,410 shares of the stock were exchanged, compared to its average volume of 198,567. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.36 and a quick ratio of 0.77. Bunzl has a one year low of $13.32 and a one year high of $21.34. The company’s 50-day simple moving average is $14.19 and its two-hundred day simple moving average is $15.12.

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.