Bunzl plc (OTCMKTS:BZLFY) Short Interest Up 441.7% in November

Bunzl plc (OTCMKTS:BZLFY) was the recipient of a large growth in short interest during the month of November. As of November 30th, there was short interest totalling 19,500 shares, a growth of 441.7% from the November 15th total of 3,600 shares. Based on an average daily trading volume, of 36,300 shares, the short-interest ratio is presently 0.5 days.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. HSBC downgraded shares of Bunzl from a “buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Hsbc Global Res downgraded Bunzl from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th.

Bunzl Trading Down 1.4 %

Shares of OTCMKTS:BZLFY opened at $22.48 on Friday. Bunzl has a 52-week low of $18.30 and a 52-week high of $24.57. The company has a 50-day simple moving average of $43.44 and a 200 day simple moving average of $42.61.

Bunzl Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, November 15th will be given a $0.2511 dividend. The ex-dividend date is Friday, November 15th.

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.