Bunzl plc (OTCMKTS:BZLFY) Short Interest Up 96.4% in December

Bunzl plc (OTCMKTS:BZLFY) was the recipient of a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 38,300 shares, a growth of 96.4% from the November 30th total of 19,500 shares. Based on an average daily trading volume, of 89,500 shares, the days-to-cover ratio is presently 0.4 days.

Wall Street Analyst Weigh In

Several research firms have recently commented on BZLFY. 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. Hsbc Global Res downgraded shares of Bunzl from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Finally, HSBC cut Bunzl from a “buy” rating to a “hold” rating in a research report on Wednesday, December 4th.

Bunzl Price Performance

Shares of OTCMKTS BZLFY traded down $0.21 during trading on Friday, hitting $20.79. 59,607 shares of the company were exchanged, compared to its average volume of 53,044. Bunzl has a 1 year low of $18.30 and a 1 year high of $24.57. The firm’s fifty day moving average price is $37.97 and its 200 day moving average price is $41.36.

Bunzl Company Profile

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.