Bunzl plc (OTCMKTS:BZLFY) Short Interest Up 114.1% in December

Bunzl plc (OTCMKTS:BZLFY) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totalling 82,000 shares, an increase of 114.1% from the December 15th total of 38,300 shares. Based on an average daily volume of 100,400 shares, the short-interest ratio is presently 0.8 days.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Hsbc Global Res lowered shares of Bunzl from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Royal Bank of Canada upgraded shares of Bunzl from a “hold” rating to a “moderate buy” rating in a research report on Monday, December 16th. Finally, HSBC lowered shares of Bunzl from a “buy” rating to a “hold” rating in a research report on Wednesday, December 4th.

Bunzl Price Performance

Shares of BZLFY stock traded up $0.16 during trading hours on Tuesday, hitting $20.25. 66,860 shares of the company’s stock traded hands, compared to its average volume of 65,694. The stock’s 50 day simple moving average is $32.46 and its 200 day simple moving average is $40.02. Bunzl has a 12 month low of $18.30 and a 12 month high of $24.57.

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.