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

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

Brambles Stock Performance

OTCMKTS BXBLY traded down $0.06 during trading on Monday, hitting $25.65. The stock had a trading volume of 91,432 shares, compared to its average volume of 69,927. Brambles has a 12 month low of $18.24 and a 12 month high of $27.63. The company’s 50-day moving average price is $25.20 and its two-hundred day moving average price is $24.99. The company has a current ratio of 0.61, a quick ratio of 0.57 and a debt-to-equity ratio of 0.54.

Brambles Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, April 17th. Shareholders of record on Thursday, March 13th will be paid a $0.3853 dividend. This is a positive change from Brambles’s previous dividend of $0.37. The ex-dividend date of this dividend is Thursday, March 13th.

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.