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

Brambles Ltd. (OTCMKTS:BXBLY) was the recipient of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 17,353 shares, an increase of 78.6% from the January 15th total of 9,718 shares. Based on an average trading volume of 92,812 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the company’s shares are sold short. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 92,812 shares, the short-interest ratio is currently 0.2 days.

Analyst Upgrades and Downgrades

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

Brambles Price Performance

Shares of Brambles stock opened at $33.09 on Friday. The stock’s 50-day moving average is $31.17 and its 200-day moving average is $31.73. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.64 and a current ratio of 0.67. Brambles has a one year low of $23.42 and a one year high of $35.27.

About Brambles

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.