Short Interest in Brambles Ltd. (OTCMKTS:BXBLY) Declines By 54.7%

Brambles Ltd. (OTCMKTS:BXBLY) saw a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 14,990 shares, a drop of 54.7% from the February 12th total of 33,081 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 84,275 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 84,275 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Brambles to a “hold” rating in a research note on Thursday, February 5th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Brambles Trading Down 1.6%

OTCMKTS BXBLY opened at $32.75 on Thursday. The firm has a 50-day moving average price of $32.54 and a two-hundred day moving average price of $32.19. Brambles has a 12-month low of $23.42 and a 12-month high of $36.00. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.67 and a quick ratio of 0.64.

About Brambles

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.