Brambles Limited (OTCMKTS:BXBLY) Sees Large Decrease in Short Interest

Brambles Limited (OTCMKTS:BXBLY) was the target of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 111,400 shares, a decline of 36.9% from the February 28th total of 176,600 shares. Based on an average daily volume of 111,900 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.0% of the company’s shares are short sold.

Brambles Trading Down 0.2 %

OTCMKTS BXBLY traded down $0.06 during trading on Friday, hitting $25.65. The company had a trading volume of 91,432 shares, compared to its average volume of 69,927. Brambles has a one year low of $18.24 and a one year high of $27.63. The company has a quick ratio of 0.57, a current ratio of 0.61 and a debt-to-equity ratio of 0.54. The company’s fifty day moving average is $25.20 and its 200-day moving average is $24.98.

Brambles Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, April 17th. Shareholders of record on Thursday, March 13th will be issued a dividend of $0.3853 per share. This is an increase from Brambles’s previous dividend of $0.37. The ex-dividend date of this dividend is Thursday, March 13th.

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.