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

Bunzl PLC (OTCMKTS:BZLFY) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 23,400 shares, agrowthof515.8% from the July 15th total of 3,800 shares. Based on an average daily volume of 177,600 shares, the days-to-cover ratio is currently 0.1 days. Approximately0.0% of the company’s stock are short sold. Approximately0.0% of the company’s stock are short sold. Based on an average daily volume of 177,600 shares, the days-to-cover ratio is currently 0.1 days.

Bunzl Stock Down 0.5%

BZLFY stock opened at $15.53 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.18 and a quick ratio of 0.76. Bunzl has a 12 month low of $14.76 and a 12 month high of $24.57. The company’s 50-day moving average price is $15.50 and its two-hundred day moving average price is $17.43.

Bunzl Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, July 9th. Shareholders of record on Monday, May 26th were issued a $0.3289 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a yield of 263.0%. This is an increase from Bunzl’s previous dividend of $0.25.

Analysts Set New Price Targets

Several brokerages recently commented on BZLFY. Peel Hunt cut shares of Bunzl from a “moderate buy” rating to a “hold” rating in a report on Thursday, April 24th. Royal Bank Of Canada cut shares of Bunzl from a “moderate buy” rating to a “hold” rating in a report on Tuesday, June 17th. Finally, Kepler Capital Markets upgraded shares of Bunzl to a “hold” rating in a report on Thursday, June 19th. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

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.