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

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

Brambles Stock Performance

Shares of BXBLY opened at $33.09 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.67 and a debt-to-equity ratio of 0.52. The company has a 50-day simple moving average of $31.17 and a 200-day simple moving average of $31.71. Brambles has a 52 week low of $23.42 and a 52 week high of $35.27.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Brambles to a “hold” rating in a report on Thursday, February 5th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Brambles Company Profile

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.