Brambles Limited (OTCMKTS:BXBLY) Sees Significant Increase in Short Interest

Brambles Limited (OTCMKTS:BXBLY - Get Free Report) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totalling 84,000 shares, an increase of 85.0% from the September 30th total of 45,400 shares. Based on an average daily volume of 49,300 shares, the days-to-cover ratio is presently 1.7 days.

Brambles Stock Performance

Shares of OTCMKTS BXBLY traded down $0.22 during midday trading on Friday, hitting $24.14. The company's stock had a trading volume of 43,872 shares, compared to its average volume of 37,651. The business's fifty day simple moving average is $24.95 and its two-hundred day simple moving average is $21.37. 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 has a 1 year low of $16.58 and a 1 year high of $26.70.

Brambles Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, October 17th. Stockholders of record on Thursday, September 12th were paid a $0.3722 dividend. 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.