Short Interest in Brambles Limited (OTCMKTS:BMBLF) Drops By 45.9%

Brambles Limited (OTCMKTS:BMBLF) was the recipient of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 578,025 shares, a decrease of 45.9% from the May 14th total of 1,068,632 shares. Based on an average daily trading volume, of 1,966 shares, the days-to-cover ratio is currently 294.0 days.

Brambles Stock Up 3.4%

Shares of OTCMKTS:BMBLF opened at $13.51 on Friday. The business has a 50-day moving average of $14.74 and a two-hundred day moving average of $15.63. Brambles has a fifty-two week low of $10.83 and a fifty-two week high of $18.27.

Brambles Company Profile

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.