Brambles Limited (OTCMKTS:BMBLF) Short Interest Down 43.0% in July

Brambles Limited (OTCMKTS:BMBLF) saw a large drop in short interest in July. As of July 15th, there was short interest totaling 384,817 shares, a drop of 43.0% from the June 30th total of 675,218 shares. Based on an average trading volume of 1,396 shares, the short-interest ratio is presently 275.7 days.

Brambles Trading Down 1.3%

BMBLF opened at $13.61 on Wednesday. Brambles has a 52-week low of $10.83 and a 52-week high of $18.27. The business’s 50-day simple moving average is $13.10 and its 200 day simple moving average is $15.19.

About Brambles

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.