Brambles Limited (OTCMKTS:BXBLY) Short Interest Down 73.9% in November

Brambles Limited (OTCMKTS:BXBLY) was the target of a significant decrease in short interest in the month of November. As of November 15th, there was short interest totalling 6,000 shares, a decrease of 73.9% from the October 31st total of 23,000 shares. Based on an average daily volume of 57,200 shares, the days-to-cover ratio is presently 0.1 days.

Brambles Price Performance

BXBLY traded up $0.38 on Thursday, hitting $24.99. 17,462 shares of the stock were exchanged, compared to its average volume of 37,570. Brambles has a 12 month low of $16.79 and a 12 month high of $26.70. The company has a current ratio of 0.61, a quick ratio of 0.57 and a debt-to-equity ratio of 0.54. The business has a 50-day moving average of $25.24 and a two-hundred day moving average of $22.23.

Brambles Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, October 17th. Stockholders of record on Thursday, September 12th were issued a $0.3722 dividend. This is an increase from Brambles’s previous dividend of $0.28. The ex-dividend date of this dividend was Thursday, September 12th.

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.