Short Interest in Bunzl PLC (OTCMKTS:BZLFY) Decreases By 76.2%

Bunzl PLC (OTCMKTS:BZLFY) saw a large decline in short interest during the month of April. As of April 30th, there was short interest totaling 38,843 shares, a decline of 76.2% from the April 15th total of 163,531 shares. Based on an average daily volume of 87,345 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Separately, Barclays downgraded Bunzl from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 19th. Five equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold”.

Bunzl Stock Up 0.3%

Shares of OTCMKTS BZLFY opened at $16.00 on Wednesday. Bunzl has a twelve month low of $13.32 and a twelve month high of $17.73. The company has a current ratio of 1.39, a quick ratio of 0.80 and a debt-to-equity ratio of 0.62. The business has a 50 day simple moving average of $15.47 and a 200-day simple moving average of $14.76.

About Bunzl

Bunzl plc is a multinational distribution and outsourcing specialist headquartered in London, United Kingdom. The company focuses on the supply of non-food consumable products to a broad range of end markets, serving as an intermediary between manufacturers and end users. Through its global network, Bunzl leverages its scale and expertise in supply chain management to provide customers with streamlined procurement, inventory management and logistics services.

The company’s product portfolio spans several key categories, including disposable packaging materials, cleaning and hygiene supplies, personal protective equipment, catering disposables and retail point-of-sale items.