Bunzl PLC (OTCMKTS:BZLFY) Sees Significant Decline in Short Interest
Bunzl PLC (OTCMKTS:BZLFY) experienced a significant decline in short interest in October, with a total of 23,300 shares shorted as of October 15, down 29.6% from 33,100 shares on September 30. The days-to-cover ratio is currently 0.2 days, indicating low short selling activity. Analysts have rated the stock with a consensus of "Moderate Buy," with Goldman Sachs recently upgrading it to a "hold" rating. The stock opened at $15.22, with a 12-month range of $14.76 to $23.42.
Bunzl PLC (OTCMKTS:BZLFY - Get Free Report) was the recipient of a large decline in short interest in October. As of October 15th, there was short interest totaling 23,300 shares, a decline of 29.6% from the September 30th total of 33,100 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 106,000 shares, the short-interest ratio is presently 0.2 days. Based on an average trading volume of 106,000 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the shares of the stock are short sold.
Wall Street Analyst Weigh In
Separately, The Goldman Sachs Group raised Bunzl to a "hold" rating in a report on Friday, October 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy".
Read Our Latest Report on BZLFY
Bunzl Price Performance
Shares of BZLFY opened at $15.22 on Monday. The stock has a 50 day moving average of $16.50 and a 200 day moving average of $15.99. Bunzl has a 12 month low of $14.76 and a 12 month high of $23.42. The company has a quick ratio of 0.77, a current ratio of 1.36 and a debt-to-equity ratio of 0.69.
Bunzl Company Profile
(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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