Short Interest in Brambles Limited (OTCMKTS:BXBLY) Declines By 90.8%

Brambles Limited (OTCMKTS:BXBLY) was the recipient of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 10,200 shares, a decrease of 90.8% from the March 15th total of 111,400 shares. Based on an average daily volume of 158,700 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Brambles Price Performance

BXBLY stock traded up $0.54 during trading on Monday, reaching $26.45. 158,990 shares of the stock were exchanged, compared to its average volume of 83,683. The business has a 50 day moving average price of $25.47 and a 200-day moving average price of $24.99. Brambles has a 1 year low of $18.24 and a 1 year high of $27.63. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.61 and a quick ratio of 0.57.

Brambles Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, April 17th. Investors of record on Thursday, March 13th will be issued a $0.3853 dividend. The ex-dividend date of this dividend is Thursday, March 13th. This is a boost from Brambles’s previous dividend of $0.37.

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.