Bunzl plc (OTCMKTS:BZLFY) Short Interest Up 114.1% in December

Bunzl plc (OTCMKTS:BZLFY) was the target of a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 82,000 shares, a growth of 114.1% from the December 15th total of 38,300 shares. Based on an average trading volume of 100,400 shares, the days-to-cover ratio is currently 0.8 days.

Bunzl Stock Performance

Shares of Bunzl stock traded up $0.16 on Tuesday, hitting $20.25. 66,860 shares of the company’s stock traded hands, compared to its average volume of 65,694. Bunzl has a one year low of $18.30 and a one year high of $24.57. The firm’s 50-day moving average price is $32.46 and its two-hundred day moving average price is $40.02.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on BZLFY shares. HSBC lowered shares of Bunzl from a “buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Hsbc Global Res cut shares of Bunzl from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Finally, Royal Bank of Canada upgraded shares of Bunzl from a “hold” rating to a “moderate buy” rating in a research note on Monday, December 16th.

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.