Brambles Ltd. (OTCMKTS:BXBLY) Stock Short Interest Report for October

Brambles Ltd. (OTCMKTS:BXBLY) saw a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 69,184 shares, a drop of 52.3% from the September 30th total of 145,153 shares. Based on an average daily volume of 515,556 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Brambles Stock Performance

OTCMKTS:BXBLY opened at $30.07 on Friday. Brambles has a 1 year low of $22.70 and a 1 year high of $36.00. The company has a current ratio of 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 0.60. The firm has a 50 day moving average of $27.55 and a 200-day moving average of $29.19.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Brambles from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 15th. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $19.34.

About Brambles

Brambles Limited is an Australian supply-chain logistics company best known for operating CHEP, a global pooling system for reusable pallets, crates and containers. The company provides shared-use packaging and equipment that help manufacturers, distributors, retailers and agricultural producers move goods through supply chains more efficiently.

CHEP’s platforms support the handling and transportation of products including consumer packaged goods, fresh produce, beverages and industrial materials.