Bunzl PLC (OTCMKTS:BZLFY) Short Interest Update

Bunzl PLC (OTCMKTS:BZLFY – Get Free Report) was the target of a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 17,485 shares, a decline of 66.6% from the August 31st total of 52,421 shares. Based on an average trading volume of 53,907 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the shares of the company are short sold.

Analysts Set New Price Targets

BZLFY has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft lowered shares of Bunzl from a “buy” rating to a “hold” rating in a research note on Wednesday, August 12th. BNP Paribas Exane cut Bunzl from an “outperform” rating to a “neutral” rating in a research report on Friday, September 4th. Citigroup reissued a “buy” rating on shares of Bunzl in a report on Thursday, June 25th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Bunzl in a report on Tuesday, July 7th. Finally, Sanford C. Bernstein cut Bunzl from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 2nd. One equities research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

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Bunzl Trading Down 1.3%

Bunzl stock opened at $17.63 on Friday. The company has a quick ratio of 0.80, a current ratio of 1.39 and a debt-to-equity ratio of 0.62. Bunzl has a fifty-two week low of $13.32 and a fifty-two week high of $19.50. The firm’s fifty day moving average price is $18.42 and its 200-day moving average price is $17.03.

About Bunzl

(Get Free Report)

Bunzl plc is an international distribution and outsourcing company that supplies essential products and services to businesses across a range of industries. Its customers include organizations in the foodservice, retail, grocery, healthcare, hospitality, cleaning, safety and industrial sectors.

The company distributes products such as food packaging and disposable supplies, cleaning and hygiene products, personal protective equipment, catering equipment, workplace safety supplies, healthcare consumables and retail packaging.

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