Short Interest in Brambles Limited (OTCMKTS:BXBLY) Increases By 85.0%

Brambles Limited (OTCMKTS:BXBLY) saw a significant increase in short interest in October. As of October 15th, there was short interest totalling 84,000 shares, an increase of 85.0% from the September 30th total of 45,400 shares. Based on an average trading volume of 49,300 shares, the short-interest ratio is currently 1.7 days.

Brambles Stock Performance

Shares of BXBLY traded up $0.31 during mid-day trading on Monday, reaching $24.45. 91,142 shares of the stock traded hands, compared to its average volume of 37,907. The company has a quick ratio of 0.57, a current ratio of 0.61 and a debt-to-equity ratio of 0.54. Brambles has a 1 year low of $16.58 and a 1 year high of $26.70. The firm has a fifty day moving average price of $25.01 and a 200 day moving average price of $21.40.

Brambles Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, October 17th. Shareholders of record on Thursday, September 12th were issued a $0.3722 dividend. The ex-dividend date was Thursday, September 12th. This is a boost from Brambles’s previous dividend of $0.28.

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.