Brambles Limited (OTCMKTS:BXBLY) Short Interest Up 938.8% in February

Brambles Limited (OTCMKTS:BXBLY) was the target of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 176,600 shares, a growth of 938.8% from the February 13th total of 17,000 shares. Based on an average daily volume of 272,600 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.0% of the shares of the company are sold short.

Brambles Stock Performance

Shares of OTCMKTS BXBLY opened at $25.72 on Thursday. The stock’s 50 day simple moving average is $24.76 and its 200 day simple moving average is $24.86. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.61 and a quick ratio of 0.57. Brambles has a 12-month low of $18.24 and a 12-month high of $27.63.

Brambles Increases Dividend

The company also recently declared a dividend, which will be paid on Thursday, April 17th. Stockholders of record on Thursday, March 13th will be issued a dividend of $0.3853 per share. This is an increase from Brambles’s previous dividend of $0.37. The ex-dividend date is Thursday, March 13th.

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.