Brambles Limited (OTCMKTS:BMBLF – Get Free Report) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 1,068,632 shares, an increase of 141.0% from the April 30th total of 443,439 shares. Based on an average daily volume of 974 shares, the short-interest ratio is currently 1,097.2 days.
Brambles Price Performance
Brambles stock opened at $12.14 on Monday. The company has a fifty day simple moving average of $15.41 and a 200-day simple moving average of $15.85. Brambles has a 12-month low of $10.83 and a 12-month high of $18.27.
About Brambles
Brambles Limited, trading as OTCMKTS:BMBLF in the U.S. over-the-counter market, is a global provider of supply-chain logistics solutions. The company specializes in the pooling and management of reusable pallets, crates and containers under its principal brands, CHEP and IFCO. These assets are used by customers in consumer goods, fresh produce, automotive, industrial and retail sectors to streamline logistics, improve traceability and reduce waste across local and global distribution networks.
Established in the 19th century as part of the Colonial Sugar Refining Company, Brambles has evolved through demergers and strategic acquisitions to become a standalone entity listed on the Australian Securities Exchange.
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