Short Interest in BRAMBLES LTD/S (OTCMKTS:BXBLY) Decreases By 32.5%

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BRAMBLES LTD/S (OTCMKTS:BXBLY) saw a significant decrease in short interest during the month of August. As of August 31st, there was short interest totalling 15,800 shares, a decrease of 32.5% from the August 15th total of 23,400 shares. Based on an average trading volume of 70,600 shares, the days-to-cover ratio is currently 0.2 days.

Separately, Zacks Investment Research lowered BRAMBLES LTD/S from a “hold” rating to a “sell” rating in a research note on Monday, August 10th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. BRAMBLES LTD/S currently has an average rating of “Buy”.

OTCMKTS:BXBLY traded up $0.03 on Wednesday, hitting $15.55. 29,371 shares of the stock were exchanged, compared to its average volume of 95,681. BRAMBLES LTD/S has a fifty-two week low of $9.97 and a fifty-two week high of $17.43. The stock has a fifty day moving average of $15.73 and a 200-day moving average of $14.77. The stock has a market cap of $11.70 billion, a PE ratio of 24.29 and a beta of 0.83.

About BRAMBLES LTD/S

Brambles Limited provides supply-chain logistics solutions based on the provision of reusable pallets, crates, and containers for shared use by various participants in the supply chain. The company operates through CHEP North America and Latin America; CHEP Europe, Middle East, Africa and India; CHEP Australia, New Zealand and Asia, excluding India; and IFCO segments.

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