Brambles Ltd. (OTCMKTS:BXBLY) Short Interest Down 85.4% in August

Brambles Ltd. (OTCMKTS:BXBLY) was the recipient of a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 6,373 shares, a decrease of 85.4% from the July 30th total of 43,597 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 82,899 shares, the short-interest ratio is presently 0.1 days.

Analyst Ratings Changes

A number of equities analysts have issued reports on BXBLY shares. The Goldman Sachs Group raised Brambles to a “neutral” rating and set a $19.34 price target for the company in a research note on Tuesday, May 19th. UBS Group upgraded Brambles from a “hold” rating to a “buy” rating in a report on Monday, May 18th. Finally, Zacks Research raised Brambles from a “strong sell” rating to a “hold” rating in a research note on Monday, July 20th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $19.34.

Brambles Stock Performance

OTCMKTS BXBLY opened at $28.01 on Thursday. Brambles has a 1 year low of $22.70 and a 1 year high of $36.00. The business’s fifty day moving average is $27.21 and its two-hundred day moving average is $29.43. The company has a quick ratio of 0.64, a current ratio of 0.67 and a debt-to-equity ratio of 0.56.

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.