Short Interest in Brambles Limited (OTCMKTS:BMBLF) Increases By 40.3%

Brambles Limited (OTCMKTS:BMBLF) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totalling 1,563,600 shares, an increase of 40.3% from the June 30th total of 1,114,200 shares. Based on an average daily volume of 3,800 shares, the short-interest ratio is presently 411.5 days.

Brambles Stock Performance

OTCMKTS BMBLF remained flat at $10.60 during mid-day trading on Friday. 12 shares of the company were exchanged, compared to its average volume of 2,826. Brambles has a 12-month low of $8.50 and a 12-month high of $10.65. The business has a 50-day simple moving average of $9.81 and a 200 day simple moving average of $9.77.

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.