Short Interest in Brambles Ltd. (OTCMKTS:BXBLY) Grows By 403.2%

Brambles Ltd. (OTCMKTS:BXBLY) was the recipient of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 75,423 shares, a growth of 403.2% from the February 26th total of 14,990 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 81,992 shares, the short-interest ratio is currently 0.9 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Brambles to a “hold” rating in a report on Thursday, February 5th. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Brambles Trading Down 1.4%

Shares of Brambles stock traded down $0.42 on Thursday, reaching $30.65. The company had a trading volume of 59,265 shares, compared to its average volume of 45,177. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.67 and a quick ratio of 0.64. The firm’s 50-day moving average price is $32.69 and its two-hundred day moving average price is $32.00. Brambles has a 1 year low of $23.42 and a 1 year high of $36.00.

Brambles Company Profile

Brambles Limited (OTCMKTS:BXBLY) is a global supply-chain logistics company headquartered in Sydney, Australia, best known for its pooled pallet and reusable packaging services. The company operates the CHEP brand for pallets and larger load-carrier solutions and the IFCO brand for reusable plastic crates, offering customers standardized, shared assets that move goods through retail, grocery, manufacturing and other supply chains.

Brambles’ core activities include the management, distribution and maintenance of pooled pallets, crates and containers; repair and refurbishment services; and logistics support such as asset tracking and inventory management.