Brambles Ltd. (OTCMKTS:BXBLY) Short Interest Update

Brambles Ltd. (OTCMKTS:BXBLY) saw a large growth in short interest in June. As of June 30th, there was short interest totaling 49,841 shares, a growth of 1,322.4% from the June 15th total of 3,504 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average trading volume of 286,640 shares, the days-to-cover ratio is currently 0.2 days.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. The Goldman Sachs Group raised shares of Brambles to a “neutral” rating and set a $19.34 price objective on the stock in a research report on Tuesday, May 19th. Zacks Research downgraded Brambles from a “hold” rating to a “strong sell” rating in a research note on Friday, May 22nd. Finally, UBS Group raised Brambles from a “hold” rating to a “buy” rating in a research report on Monday, May 18th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $19.34.

Brambles Stock Down 2.8%

Shares of Brambles stock traded down $0.76 during trading on Friday, hitting $26.09. 97,596 shares of the stock were exchanged, compared to its average volume of 91,642. The company has a fifty day moving average price of $27.01 and a 200-day moving average price of $30.31. Brambles has a 1-year low of $22.70 and a 1-year high of $36.00.

Brambles Company Profile

Brambles Limited (OTCMKTS:BXBLY) is a global supply-chain logistics company headquartered in Sydney, Australia, best known for its pooled pallet and reusable packaging services. The company operates the CHEP brand for pallets and larger load-carrier solutions and the IFCO brand for reusable plastic crates, offering customers standardized, shared assets that move goods through retail, grocery, manufacturing and other supply chains.

Brambles’ core activities include the management, distribution and maintenance of pooled pallets, crates and containers; repair and refurbishment services; and logistics support such as asset tracking and inventory management.