Brambles Limited (OTCMKTS:BMBLF) Short Interest Down 43.0% in July

Brambles Limited (OTCMKTS:BMBLF) was the recipient of a large decrease in short interest in July. As of July 15th, there was short interest totaling 384,817 shares, a decrease of 43.0% from the June 30th total of 675,218 shares. Based on an average daily volume of 1,396 shares, the short-interest ratio is currently 275.7 days.

Brambles Stock Performance

Shares of Brambles stock opened at $13.61 on Wednesday. The stock’s 50-day moving average is $13.10 and its 200-day moving average is $15.19. Brambles has a one year low of $10.83 and a one year high of $18.27.

Brambles Company Profile

Brambles Limited, trading as OTCMKTS:BMBLF in the U.S. over-the-counter market, is a global provider of supply-chain logistics solutions. The company specializes in the pooling and management of reusable pallets, crates and containers under its principal brands, CHEP and IFCO. These assets are used by customers in consumer goods, fresh produce, automotive, industrial and retail sectors to streamline logistics, improve traceability and reduce waste across local and global distribution networks.

Established in the 19th century as part of the Colonial Sugar Refining Company, Brambles has evolved through demergers and strategic acquisitions to become a standalone entity listed on the Australian Securities Exchange.