Brambles Limited (OTCMKTS:BMBLF) Short Interest Down 24.8% in May

Brambles Limited (OTCMKTS:BMBLF) saw a significant decrease in short interest in the month of May. As of May 31st, there was short interest totalling 1,253,300 shares, a decrease of 24.8% from the May 15th total of 1,666,600 shares. Based on an average trading volume of 900 shares, the days-to-cover ratio is presently 1,392.6 days.

Brambles Stock Performance

Shares of Brambles stock remained flat at $9.83 during midday trading on Friday. 12 shares of the stock traded hands, compared to its average volume of 3,745. Brambles has a twelve month low of $8.50 and a twelve month high of $10.65. The company’s fifty day moving average price is $9.85 and its 200 day moving average price is $9.57.

About Brambles

Brambles Limited operates as a supply-chain logistics company. It operates through CHEP North America and Latin America; CHEP Europe, Middle East, Africa and India; and CHEP Australia, New Zealand and Asia, excluding India segments. The company engages in the pooling of unit-load equipment and associated services, focusing on the outsourced management of pallets, crates, and containers.