Brambles Limited (OTCMKTS:BMBLF) Sees Large Drop in Short Interest

Brambles Limited (OTCMKTS:BMBLF) was the recipient of a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 1,403,100 shares, a decline of 8.4% from the August 15th total of 1,532,200 shares. Based on an average trading volume of 21,200 shares, the short-interest ratio is presently 66.2 days.

Brambles Price Performance

OTCMKTS BMBLF remained flat at $11.60 during trading hours on Tuesday. 24 shares of the company’s stock traded hands, compared to its average volume of 2,320. The firm has a fifty day moving average of $10.71 and a 200 day moving average of $10.17. Brambles has a one year low of $8.50 and a one year high of $13.49.

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.