Bunzl plc (OTCMKTS:BZLFY) Short Interest Up 441.7% in November

Bunzl plc (OTCMKTS:BZLFY) was the target of a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 19,500 shares, an increase of 441.7% from the November 15th total of 3,600 shares. Based on an average trading volume of 36,300 shares, the short-interest ratio is presently 0.5 days.

Bunzl Stock Up 1.1 %

Shares of BZLFY stock traded up $0.25 during trading hours on Thursday, hitting $22.79. The company’s stock had a trading volume of 42,718 shares, compared to its average volume of 53,085. The business has a fifty day moving average of $43.91 and a 200-day moving average of $42.75. Bunzl has a twelve month low of $18.30 and a twelve month high of $24.57.

Bunzl Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, November 15th will be issued a $0.2511 dividend. The ex-dividend date is Friday, November 15th.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on BZLFY. Hsbc Global Res cut Bunzl from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 4th. HSBC lowered shares of Bunzl from a “buy” rating to a “hold” rating in a research report on Wednesday, December 4th.

Bunzl Company Profile

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.