Brambles Limited (OTCMKTS:BMBLF) Sees Large Decline in Short Interest

Brambles Limited (OTCMKTS:BMBLF) was the recipient of a large decline in short interest during the month of November. As of November 15th, there was short interest totalling 957,100 shares, a decline of 43.5% from the October 31st total of 1,694,900 shares. Based on an average trading volume of 200 shares, the short-interest ratio is currently 4,785.5 days.

Brambles Stock Performance

BMBLF stock opened at $13.12 on Friday. The company has a 50-day moving average of $12.62 and a two-hundred day moving average of $11.14. Brambles has a 52-week low of $8.50 and a 52-week high of $14.13.

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.