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

Brambles Limited (OTCMKTS:BMBLF) saw a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 1,694,900 shares, a growth of 24.8% from the October 15th total of 1,358,100 shares. Based on an average trading volume of 1,300 shares, the days-to-cover ratio is presently 1,303.8 days.

Brambles Price Performance

Shares of OTCMKTS BMBLF remained flat at $13.11 during midday trading on Friday. The firm’s 50-day moving average is $12.28 and its two-hundred day moving average is $10.89. Brambles has a 52 week low of $8.50 and a 52 week high of $13.73.

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.