Brambles Ltd. (OTCMKTS:BXBLY) Short Interest Update

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

Analysts Set New Price Targets

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

Brambles Stock Up 1.3%

Shares of BXBLY opened at $27.78 on Wednesday. Brambles has a 52 week low of $22.70 and a 52 week high of $36.00. The stock has a 50 day moving average price of $27.18 and a two-hundred day moving average price of $29.45. The company has a debt-to-equity ratio of 0.56, a current ratio of 0.67 and a quick ratio of 0.64.

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.