Brambles Ltd. (OTCMKTS:BXBLY) Shares Shorted: Short Interest Down 52.3% in October

Brambles Ltd. (OTCMKTS:BXBLY) saw a large decline in short interest in October. As of October 15th, there was short interest totaling 69,184 shares, a decline of 52.3% from the September 30th total of 145,153 shares. Based on an average daily trading volume, of 515,556 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are sold short.

Brambles Price Performance

OTCMKTS BXBLY traded up $0.12 during trading hours on Friday, hitting $29.66. The company had a trading volume of 31,986 shares, compared to its average volume of 96,989. Brambles has a 1-year low of $22.70 and a 1-year high of $36.00. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.57 and a current ratio of 0.60. The business has a 50 day moving average of $27.48 and a 200-day moving average of $29.19.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Brambles from a “strong sell” rating to a “hold” rating in a report on Thursday, October 15th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $19.34.

Brambles Company Profile

Brambles Limited is an Australian supply-chain logistics company best known for operating CHEP, a global pooling system for reusable pallets, crates and containers. The company provides shared-use packaging and equipment that help manufacturers, distributors, retailers and agricultural producers move goods through supply chains more efficiently.

CHEP’s platforms support the handling and transportation of products including consumer packaged goods, fresh produce, beverages and industrial materials.