Brambles Limited (OTCMKTS:BMBLF) Sees Significant Growth in Short Interest

Brambles Limited (OTCMKTS:BMBLF) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totalling 1,649,100 shares, an increase of 31.6% from the May 31st total of 1,253,300 shares. Based on an average trading volume of 800 shares, the short-interest ratio is presently 2,061.4 days.

Brambles Price Performance

Shares of OTCMKTS:BMBLF remained flat at $9.65 during midday trading on Friday. Brambles has a fifty-two week low of $8.50 and a fifty-two week high of $10.65. The company’s 50 day moving average price is $9.74 and its 200-day moving average price is $9.63.

Brambles Company Profile

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.