Short Interest in Brambles Limited (OTCMKTS:BMBLF) Declines By 45.9%

Brambles Limited (OTCMKTS:BMBLF) was the recipient of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 578,025 shares, a decline of 45.9% from the May 14th total of 1,068,632 shares. Based on an average daily trading volume, of 1,966 shares, the short-interest ratio is currently 294.0 days.

Brambles Stock Performance

Shares of OTCMKTS BMBLF opened at $13.51 on Monday. Brambles has a one year low of $10.83 and a one year high of $18.27. The business’s 50-day moving average price is $14.74 and its two-hundred day moving average price is $15.63.

Brambles Company Profile

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.