Short Interest in Brambles Limited (OTCMKTS:BMBLF) Expands By 75.4%

Brambles Limited (OTCMKTS:BMBLF) was the recipient of a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 1,172,400 shares, a growth of 75.4% from the March 15th total of 668,400 shares. Based on an average daily trading volume, of 600 shares, the days-to-cover ratio is currently 1,954.0 days.

Brambles Price Performance

Shares of OTCMKTS BMBLF opened at $13.43 on Friday. Brambles has a 12 month low of $8.90 and a 12 month high of $14.13. The business’s 50 day moving average is $12.75 and its two-hundred day moving average is $12.57.

Brambles Company Profile

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.