Short Interest in Brambles Limited (OTCMKTS:BMBLF) Declines By 7.8%

Brambles Limited (OTCMKTS:BMBLF) was the recipient of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totalling 1,178,400 shares, a decrease of 7.8% from the November 30th total of 1,278,300 shares. Based on an average daily trading volume, of 1,800 shares, the days-to-cover ratio is currently 654.7 days.

Brambles Price Performance

OTCMKTS BMBLF traded down $0.08 during trading on Tuesday, hitting $12.24. 290 shares of the company traded hands, compared to its average volume of 2,203. Brambles has a 12 month low of $8.90 and a 12 month high of $14.13. The business has a fifty day simple moving average of $12.67 and a 200 day simple moving average of $11.49.

Brambles Company Profile

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.