Short Interest in Brambles Limited (OTCMKTS:BMBLF) Declines By 8.4%

Brambles Limited (OTCMKTS:BMBLF) was the recipient of a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 1,403,100 shares, a drop of 8.4% from the August 15th total of 1,532,200 shares. Based on an average daily volume of 21,200 shares, the short-interest ratio is presently 66.2 days.

Brambles Stock Performance

BMBLF opened at $11.40 on Wednesday. Brambles has a one year low of $8.50 and a one year high of $13.49. The company has a fifty day moving average price of $10.75 and a 200-day moving average price of $10.19.

Brambles Company Profile

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.