Short Interest in Brambles Limited (OTCMKTS:BXBLY) Decreases By 72.6%

Brambles Limited (OTCMKTS:BXBLY) was the target of a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 23,000 shares, a decrease of 72.6% from the October 15th total of 84,000 shares. Based on an average daily volume of 140,500 shares, the short-interest ratio is presently 0.2 days.

Brambles Price Performance

Shares of OTCMKTS BXBLY traded down $0.48 during mid-day trading on Wednesday, hitting $25.07. 24,817 shares of the company traded hands, compared to its average volume of 54,988. Brambles has a 1 year low of $16.79 and a 1 year high of $26.70. The company has a current ratio of 0.61, a quick ratio of 0.57 and a debt-to-equity ratio of 0.54. The business has a 50 day moving average of $25.20 and a two-hundred day moving average of $21.79.

Brambles Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, October 17th. Stockholders of record on Thursday, September 12th were issued a dividend of $0.3722 per share. This is an increase from Brambles’s previous dividend of $0.28. The ex-dividend date was Thursday, September 12th.

Brambles Company Profile

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.