Brambles Limited (OTCMKTS:BMBLF) Sees Large Increase in Short Interest

Brambles Limited (OTCMKTS:BMBLF) was the recipient of a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 754,500 shares, an increase of 33.8% from the January 31st total of 564,100 shares. Based on an average daily volume of 700 shares, the days-to-cover ratio is currently 1,077.9 days.

Brambles Trading Up 1.6 %

Shares of Brambles stock opened at $12.68 on Tuesday. Brambles has a twelve month low of $8.90 and a twelve month high of $14.13. The business’s 50 day simple moving average is $12.30 and its 200-day simple moving average is $12.28.

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.