Short Interest in Brambles Limited (OTCMKTS:BMBLF) Decreases By 8.4%

Brambles Limited (OTCMKTS:BMBLF) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totalling 1,403,100 shares, a decrease of 8.4% from the August 15th total of 1,532,200 shares. Based on an average trading volume of 21,200 shares, the short-interest ratio is currently 66.2 days.

Brambles Stock Performance

Shares of Brambles stock opened at $11.40 on Thursday. Brambles has a 1 year low of $8.50 and a 1 year high of $13.49. The firm’s 50-day simple moving average is $10.78 and its 200-day simple moving average is $10.20.

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.