Brambles Limited (OTCMKTS:BMBLF) Short Interest Update

Brambles Limited (OTCMKTS:BMBLF) was the target of a significant drop in short interest in the month of April. As of April 15th, there was short interest totalling 781,500 shares, a drop of 33.3% from the March 31st total of 1,172,400 shares. Based on an average trading volume of 51,000 shares, the days-to-cover ratio is presently 15.3 days.

Brambles Price Performance

BMBLF stock opened at $13.10 on Friday. Brambles has a 1-year low of $8.90 and a 1-year high of $14.13. The stock’s fifty day simple moving average is $12.97 and its two-hundred day simple moving average is $12.65.

About Brambles

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.