Short Interest in Brambles Limited (OTCMKTS:BMBLF) Decreases By 26.9%

Brambles Limited (OTCMKTS:BMBLF) was the target of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totalling 1,142,700 shares, a decrease of 26.9% from the July 15th total of 1,563,600 shares. Based on an average daily trading volume, of 200 shares, the short-interest ratio is presently 5,713.5 days.

Brambles Stock Performance

BMBLF remained flat at $10.63 during trading on Thursday. 13 shares of the company’s stock were exchanged, compared to its average volume of 2,688. Brambles has a 12-month low of $8.50 and a 12-month high of $10.65. The firm has a fifty day moving average of $9.85 and a two-hundred day moving average of $9.83.

About Brambles

Brambles Limited operates as a supply-chain logistics company. It 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. The company engages in the pooling of unit-load equipment and associated services, focusing on the outsourced management of pallets, crates, and containers.