Is Buying BUNZL PLC NEW (OTCMKTS:BZLFF), Having Higher Short Interest a Winning Strategy?

January 14, 2018 - By Adrian Erickson

The stock of BUNZL PLC NEW (OTCMKTS:BZLFF) registered an increase of 10.74% in short interest. BZLFF’s total short interest was 187,600 shares in January as published by FINRA. Its up 10.74% from 169,400 shares, reported previously. With 100 shares average volume, it will take short sellers 1876 days to cover their BZLFF’s short positions.

It closed at $27.7 lastly. It is down 0.00% since January 14, 2017 and is . It has underperformed by 16.70% the S&P500.

Bunzl plc provides distribution and outsourcing services primarily in the North America, Continental Europe, the United Kingdom, Ireland, and internationally. The company has market cap of $8.77 billion. It provides non-food consumables, including food packaging, disposable tableware, guest amenities, food service disposables, light and heavy catering equipment, napkins, cleaning and hygiene products, and safety items to hotels, restaurants, caterers, and food processors and packers, as well as leisure sector. It has a 23.84 P/E ratio. The firm also offers films, labels, counter-service packaging, take-out, first aid products, point of purchase displays, stationeries, bags, and cleaning and hygiene supplies to grocery stores, supermarkets, retail chains, convenience stores, food wholesalers, ethnic grocers, organic food outlets, and others.

More important recent Bunzl plc (OTCMKTS:BZLFF) news were published by: Ft.com which released: “Bunzl chief buys on shares dip” on December 01, 2017, also Bizjournals.com published article titled: “St. Louis-based packaging company considering Triad location for consolidation”, Ft.com published: “Still making a Bunzl — on lower margins” on September 03, 2017. More interesting news about Bunzl plc (OTCMKTS:BZLFF) was released by: Ft.com and their article: “Amazon spectre pushes Bunzl to biggest fall in 8 years” with publication date: November 10, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.