Brambles Limited (OTCMKTS:BMBLF) Sees Significant Drop in Short Interest

Brambles Limited (OTCMKTS:BMBLF) was the target of a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 924,700 shares, a drop of 21.5% from the December 15th total of 1,178,400 shares. Based on an average daily volume of 500 shares, the short-interest ratio is currently 1,849.4 days.

Brambles Stock Performance

Shares of OTCMKTS BMBLF remained flat at $12.01 during midday trading on Thursday. The firm has a 50-day moving average price of $12.54 and a two-hundred day moving average price of $11.70. Brambles has a 12-month low of $8.90 and a 12-month high of $14.13.

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.