Brambles Ltd. (OTCMKTS:BXBLY) Sees Large Growth in Short Interest

Brambles Ltd. (OTCMKTS:BXBLY) was the target of a large increase in short interest in September. As of September 30th, there was short interest totaling 145,153 shares, an increase of 182.0% from the September 15th total of 51,476 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 174,993 shares, the short-interest ratio is currently 0.8 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered shares of Brambles from a “hold” rating to a “strong sell” rating in a report on Thursday, August 27th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $19.34.

Brambles Stock Performance

Shares of BXBLY opened at $27.05 on Tuesday. Brambles has a one year low of $22.70 and a one year high of $36.00. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.60 and a quick ratio of 0.57. The stock has a 50-day moving average price of $27.26 and a 200 day moving average price of $27.94.

Brambles Company Profile

Brambles Limited is an Australian supply-chain logistics company best known for its CHEP business, which provides reusable pallets, crates, bins and other platforms used to move, store and protect goods. Rather than selling these assets outright, Brambles operates a pooling model in which customers access a shared fleet of standardized equipment that is collected, inspected, repaired and redistributed for repeated use.

CHEP products support supply chains across the consumer goods, grocery, fresh produce, beverage, manufacturing and retail sectors.