Bunzl plc (OTCMKTS:BZLFF) Sees Large Decline in Short Interest

Bunzl plc (OTCMKTS:BZLFF) was the target of a large drop in short interest in the month of December. As of December 31st, there was short interest totalling 55,700 shares, a drop of 6.5% from the December 15th total of 59,600 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is presently 557.0 days.

Bunzl Stock Performance

Shares of BZLFF opened at $39.09 on Friday. Bunzl has a twelve month low of $36.60 and a twelve month high of $47.53. The business’s 50-day moving average price is $43.54 and its 200-day moving average price is $43.30.

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.