Brambles Ltd. (OTCMKTS:BXBLY) Sees Significant Increase in Short Interest

Brambles Ltd. (OTCMKTS:BXBLY) was the target of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 17,353 shares, an increase of 78.6% from the January 15th total of 9,718 shares. Based on an average daily volume of 92,812 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the company’s shares are short sold. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 92,812 shares, the days-to-cover ratio is presently 0.2 days.

Brambles Trading Down 1.5%

Shares of BXBLY opened at $32.48 on Friday. The company has a 50 day moving average price of $31.13 and a 200-day moving average price of $31.69. The company has a quick ratio of 0.64, a current ratio of 0.67 and a debt-to-equity ratio of 0.52. Brambles has a fifty-two week low of $23.31 and a fifty-two week high of $35.27.

Wall Street Analysts Forecast Growth

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

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.