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

Brambles Limited (OTCMKTS:BMBLF) was the target of a large decrease in short interest during the month of December. As of December 15th, there was short interest totalling 1,178,400 shares, a decrease of 7.8% from the November 30th total of 1,278,300 shares. Based on an average trading volume of 1,800 shares, the short-interest ratio is currently 654.7 days.

Brambles Stock Performance

Shares of OTCMKTS:BMBLF traded down $0.08 during midday trading on Monday, reaching $12.24. The company’s stock had a trading volume of 290 shares, compared to its average volume of 2,203. The business’s fifty day simple moving average is $12.67 and its 200-day simple moving average is $11.49. Brambles has a fifty-two week low of $8.90 and a fifty-two 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.