Brambles Limited (OTCMKTS:BMBLF) Sees Significant Drop in Short Interest

Brambles Limited (OTCMKTS:BMBLF) saw a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 668,400 shares, a drop of 16.9% from the February 28th total of 804,200 shares. Based on an average trading volume of 1,100 shares, the short-interest ratio is currently 607.6 days.

Brambles Stock Performance

Brambles stock opened at $13.04 on Wednesday. The stock’s 50 day moving average is $12.65 and its 200 day moving average is $12.47. Brambles has a twelve month low of $8.90 and a twelve month high of $14.13.

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.