Brambles Limited (OTCMKTS:BMBLF – Get Free Report) was the recipient of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 384,817 shares, a decrease of 43.0% from the June 30th total of 675,218 shares. Based on an average daily volume of 1,396 shares, the short-interest ratio is presently 275.7 days.
Brambles Trading Up 4.0%
Shares of BMBLF opened at $14.45 on Friday. Brambles has a fifty-two week low of $10.83 and a fifty-two week high of $18.27. The company’s fifty day moving average is $13.20 and its two-hundred day moving average is $15.17.
About Brambles
Brambles Limited, trading as OTCMKTS:BMBLF in the U.S. over-the-counter market, is a global provider of supply-chain logistics solutions. The company specializes in the pooling and management of reusable pallets, crates and containers under its principal brands, CHEP and IFCO. These assets are used by customers in consumer goods, fresh produce, automotive, industrial and retail sectors to streamline logistics, improve traceability and reduce waste across local and global distribution networks.
Established in the 19th century as part of the Colonial Sugar Refining Company, Brambles has evolved through demergers and strategic acquisitions to become a standalone entity listed on the Australian Securities Exchange.
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