Brambles Ltd. (OTCMKTS:BXBLY) Short Interest Update

Brambles Ltd. (OTCMKTS:BXBLY) was the recipient of a large decrease in short interest in August. As of August 14th, there was short interest totaling 6,373 shares, a decrease of 85.4% from the July 30th total of 43,597 shares. Based on an average trading volume of 82,899 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Analysts Set New Price Targets

A number of research analysts recently weighed in on BXBLY shares. Zacks Research raised shares of Brambles from a “strong sell” rating to a “hold” rating in a research report on Monday, July 20th. The Goldman Sachs Group raised shares of Brambles to a “neutral” rating and set a $19.34 price objective for the company in a research report on Tuesday, May 19th. Finally, UBS Group upgraded shares of Brambles from a “hold” rating to a “buy” rating in a research note on Monday, May 18th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $19.34.

Brambles Price Performance

Shares of Brambles stock opened at $27.78 on Wednesday. The business’s fifty day simple moving average is $27.18 and its 200 day simple moving average is $29.45. The company has a current ratio of 0.67, a quick ratio of 0.64 and a debt-to-equity ratio of 0.56. Brambles has a 12 month low of $22.70 and a 12 month high of $36.00.

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.