Short Interest in Brambles Ltd. (OTCMKTS:BXBLY) Decreases By 72.0%

Brambles Ltd. (OTCMKTS:BXBLY) saw a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 15,479 shares, a decline of 72.0% from the April 30th total of 55,242 shares. Based on an average daily trading volume, of 104,508 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Brambles Trading Down 1.7%

Shares of OTCMKTS BXBLY opened at $23.75 on Friday. The firm has a 50-day simple moving average of $30.53 and a 200-day simple moving average of $31.34. Brambles has a 52 week low of $22.70 and a 52 week high of $36.00.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on BXBLY shares. UBS Group upgraded Brambles from a “hold” rating to a “buy” rating in a report on Monday, May 18th. The Goldman Sachs Group upgraded Brambles to a “neutral” rating and set a $19.34 price objective on the stock in a report on Tuesday, May 19th. Finally, Zacks Research cut Brambles from a “hold” rating to a “strong sell” rating in a report on Friday, May 22nd. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $19.34.

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.