Brambles Ltd. (OTCMKTS:BXBLY) Short Interest Down 73.4% in March

Brambles Ltd. (OTCMKTS:BXBLY) was the recipient of a significant decline in short interest in March. As of March 31st, there was short interest totaling 20,082 shares, a decline of 73.4% from the March 15th total of 75,423 shares. Based on an average daily volume of 118,728 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are short sold.

Brambles Price Performance

BXBLY stock opened at $33.05 on Friday. Brambles has a 12 month low of $25.05 and a 12 month high of $36.00. The firm has a 50 day moving average of $32.79 and a two-hundred day moving average of $31.87.

Wall Street Analysts Forecast Growth

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