Brambles Limited (OTCMKTS:BMBLF) Short Interest Update

Brambles Limited (OTCMKTS:BMBLF) was the target of a significant drop in short interest in October. As of October 15th, there was short interest totalling 1,358,100 shares, a drop of 12.2% from the September 30th total of 1,547,200 shares. Based on an average daily volume of 1,200 shares, the short-interest ratio is presently 1,131.8 days.

Brambles Stock Performance

Shares of OTCMKTS BMBLF opened at $13.03 on Tuesday. The company’s 50-day simple moving average is $11.96 and its 200-day simple moving average is $10.59. Brambles has a 52-week low of $8.50 and a 52-week high of $13.73.

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.