Bunzl plc (OTCMKTS:BZLFY – Get Free Report) saw a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 7,700 shares, a drop of 60.1% from the October 15th total of 19,300 shares. Based on an average daily volume of 43,400 shares, the days-to-cover ratio is currently 0.2 days.
Bunzl Trading Up 1.3 %
Bunzl stock traded up $0.56 during trading hours on Thursday, reaching $44.72. 16,558 shares of the stock were exchanged, compared to its average volume of 26,851. The stock has a 50 day moving average of $46.49 and a two-hundred day moving average of $42.41. Bunzl has a twelve month low of $35.78 and a twelve month high of $49.13.
Bunzl Cuts Dividend
The company also recently disclosed a dividend, which will be paid on Friday, January 10th. Stockholders of record on Friday, November 15th will be paid a $0.2511 dividend. The ex-dividend date is Friday, November 15th.
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.
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