Bunzl plc (OTCMKTS:BZLFY) Sees Significant Growth in Short Interest

Bunzl plc (OTCMKTS:BZLFYGet Free Report) was the recipient of a significant increase in short interest in June. As of June 30th, there was short interest totalling 18,500 shares, an increase of 302.2% from the June 15th total of 4,600 shares. Based on an average trading volume of 43,500 shares, the short-interest ratio is currently 0.4 days.

Bunzl Price Performance

BZLFY traded up $0.52 on Friday, hitting $41.22. 8,863 shares of the company were exchanged, compared to its average volume of 17,041. Bunzl has a 12 month low of $33.97 and a 12 month high of $42.39. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.91 and a current ratio of 1.40. The stock’s fifty day moving average is $38.58 and its 200-day moving average is $39.16.

Bunzl Increases Dividend

The business also recently announced a dividend, which was paid on Friday, July 5th. Investors of record on Friday, May 17th were issued a dividend of $0.6007 per share. The ex-dividend date was Thursday, May 16th. This is a positive change from Bunzl’s previous dividend of $0.21.

About Bunzl

(Get Free Report)

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.

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