Brambles Limited (OTCMKTS:BMBLF – Get Free Report) saw a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 1,566,564 shares, a growth of 307.1% from the July 15th total of 384,817 shares. Based on an average daily volume of 14,360 shares, the short-interest ratio is presently 109.1 days.
Brambles Price Performance
Shares of BMBLF stock opened at $14.11 on Friday. Brambles has a 12 month low of $10.83 and a 12 month high of $18.27. The company’s fifty day simple moving average is $13.65 and its 200-day simple moving average is $15.06.
Brambles Company Profile
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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