Brambles Limited (OTCMKTS:BXBLY) Short Interest Update

Brambles Limited (OTCMKTS:BXBLY) was the recipient of a large drop in short interest in November. As of November 15th, there was short interest totalling 6,000 shares, a drop of 73.9% from the October 31st total of 23,000 shares. Based on an average daily trading volume, of 57,200 shares, the days-to-cover ratio is currently 0.1 days.

Brambles Price Performance

Shares of OTCMKTS BXBLY traded up $0.38 during trading hours on Wednesday, reaching $24.99. 17,462 shares of the stock traded hands, compared to its average volume of 37,570. The company’s 50-day simple moving average is $25.25 and its two-hundred day simple moving average is $22.21. Brambles has a 52-week low of $16.79 and a 52-week high of $26.70. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.57 and a current ratio of 0.61.

Brambles Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, October 17th. Shareholders of record on Thursday, September 12th were given a dividend of $0.3722 per share. This is a positive change from Brambles’s previous dividend of $0.28. The ex-dividend date was Thursday, September 12th.

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.