Brambles Limited (OTCMKTS:BXBLY) Sees Large Drop in Short Interest

Brambles Limited (OTCMKTS:BXBLYGet Rating) was the target of a significant drop in short interest in the month of July. As of July 15th, there was short interest totalling 30,700 shares, a drop of 78.1% from the June 30th total of 140,200 shares. Based on an average daily volume of 88,700 shares, the days-to-cover ratio is presently 0.3 days.

Brambles Price Performance

BXBLY stock opened at $16.05 on Thursday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.60 and a current ratio of 0.64. The firm has a 50 day simple moving average of $15.40 and a 200 day simple moving average of $14.84. Brambles has a 52 week low of $13.11 and a 52 week high of $19.27.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group cut shares of Brambles from a “hold” rating to an “underperform” rating in a report on Thursday, April 21st.

Brambles Company Profile

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Brambles Limited operates as a supply-chain logistics company. The company operates through CHEP North America and Latin America; CHEP Europe, Middle East, Africa and India; and CHEP Australia, New Zealand and Asia, excluding India segments. It engages in the pooling of unit-load equipment and associated services, focusing on the outsourced management of pallets, crates, and containers.

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