Brambles Limited (OTCMKTS:BMBLF – Get Free Report) saw a significant decrease in short interest in August. As of August 31st, there was short interest totaling 330,804 shares, a decrease of 71.8% from the August 15th total of 1,172,797 shares. Based on an average trading volume of 1,358 shares, the short-interest ratio is currently 243.6 days.
Brambles Trading Up 1.2%
Shares of Brambles stock opened at $13.66 on Friday. The business’s fifty day simple moving average is $13.92 and its 200 day simple moving average is $14.70. Brambles has a 12 month low of $10.83 and a 12 month high of $18.27.
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.
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