Short Interest in Brambles Ltd. (OTCMKTS:BXBLY) Decreases By 72.0%

Brambles Ltd. (OTCMKTS:BXBLY) was the recipient of a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 15,479 shares, a decline of 72.0% from the April 30th total of 55,242 shares. Based on an average daily volume of 104,508 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

Brambles Stock Performance

OTCMKTS:BXBLY opened at $23.75 on Friday. The company has a fifty day moving average of $30.53 and a two-hundred day moving average of $31.34. Brambles has a fifty-two week low of $22.70 and a fifty-two week high of $36.00.

Analyst Ratings Changes

BXBLY has been the subject of several analyst reports. Zacks Research cut shares of Brambles from a “hold” rating to a “strong sell” rating in a research note on Friday, May 22nd. UBS Group upgraded shares of Brambles from a “hold” rating to a “buy” rating in a research note on Monday, May 18th. Finally, The Goldman Sachs Group upgraded shares of Brambles to a “neutral” rating and set a $19.34 target price for the company in a research note on Tuesday, May 19th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Brambles presently has a consensus rating of “Hold” and a consensus target price of $19.34.

About Brambles

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.