Short Interest in Brambles Limited (OTCMKTS:BXBLY) Increases By 4,450.0%

Brambles Limited (OTCMKTS:BXBLY) was the target of a large increase in short interest in the month of June. As of June 15th, there was short interest totalling 54,600 shares, an increase of 4,450.0% from the May 31st total of 1,200 shares. Based on an average daily trading volume, of 148,900 shares, the days-to-cover ratio is currently 0.4 days.

Brambles Price Performance

Shares of BXBLY traded down $0.11 during mid-day trading on Thursday, hitting $19.15. 31,849 shares of the company’s stock traded hands, compared to its average volume of 54,833. The business’s 50-day moving average price is $19.15 and its 200-day moving average price is $19.30. Brambles has a 1 year low of $16.58 and a 1 year high of $21.22.

About Brambles

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.