Brambles Ltd. (OTCMKTS:BXBLY) Sees Significant Growth in Short Interest

Brambles Ltd. (OTCMKTS:BXBLY) was the recipient of a significant growth in short interest in March. As of March 13th, there was short interest totaling 75,423 shares, a growth of 403.2% from the February 26th total of 14,990 shares. Based on an average daily trading volume, of 81,992 shares, the short-interest ratio is presently 0.9 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 81,992 shares, the short-interest ratio is presently 0.9 days.

Brambles Trading Down 1.9%

Shares of BXBLY stock traded down $0.59 during trading hours on Tuesday, hitting $30.72. The company had a trading volume of 61,637 shares, compared to its average volume of 45,063. Brambles has a 12 month low of $23.42 and a 12 month high of $36.00. The company has a current ratio of 0.67, a quick ratio of 0.64 and a debt-to-equity ratio of 0.52. The firm’s fifty day moving average is $32.70 and its 200 day moving average is $32.03.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Brambles to a “hold” rating in a research note on Thursday, February 5th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Brambles Company Profile

Brambles Limited (OTCMKTS:BXBLY) is a global supply-chain logistics company headquartered in Sydney, Australia, best known for its pooled pallet and reusable packaging services. The company operates the CHEP brand for pallets and larger load-carrier solutions and the IFCO brand for reusable plastic crates, offering customers standardized, shared assets that move goods through retail, grocery, manufacturing and other supply chains.

Brambles’ core activities include the management, distribution and maintenance of pooled pallets, crates and containers; repair and refurbishment services; and logistics support such as asset tracking and inventory management.