Short Interest in Brambles Limited (OTCMKTS:BMBLF) Increases By 24.8%

Brambles Limited (OTCMKTS:BMBLF) was the recipient of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 1,694,900 shares, a growth of 24.8% from the October 15th total of 1,358,100 shares. Based on an average daily trading volume, of 1,300 shares, the days-to-cover ratio is currently 1,303.8 days.

Brambles Stock Performance

BMBLF traded down $0.20 during midday trading on Friday, reaching $13.11. The company’s stock had a trading volume of 641 shares, compared to its average volume of 2,115. The company has a fifty day simple moving average of $12.26 and a 200 day simple moving average of $10.87. Brambles has a twelve month low of $8.50 and a twelve month high of $13.73.

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.