Brambles Ltd. (OTCMKTS:BXBLY) Short Interest Update

Brambles Ltd. (OTCMKTS:BXBLY) saw a significant growth in short interest in the month of June. As of June 30th, there was short interest totaling 49,841 shares, a growth of 1,322.4% from the June 15th total of 3,504 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 286,640 shares, the short-interest ratio is currently 0.2 days.

Brambles Trading Down 2.8%

BXBLY traded down $0.76 during trading on Friday, reaching $26.09. The company’s stock had a trading volume of 97,589 shares, compared to its average volume of 138,469. The firm has a fifty day simple moving average of $26.91 and a two-hundred day simple moving average of $30.28. Brambles has a 1 year low of $22.70 and a 1 year high of $36.00.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. UBS Group raised shares of Brambles from a “hold” rating to a “buy” rating in a report on Monday, May 18th. The Goldman Sachs Group upgraded shares of Brambles to a “neutral” rating and set a $19.34 price target for the company in a research report on Tuesday, May 19th. Finally, Zacks Research lowered shares of Brambles from a “hold” rating to a “strong sell” rating in a research note on Friday, May 22nd. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Brambles presently has a consensus rating of “Hold” and a consensus price target of $19.34.

About Brambles

Brambles Limited (OTCMKTS:BXBLY) is a global supply-chain logistics company headquartered in Sydney, Australia, best known for its pooled pallet and reusable packaging services. The company operates the CHEP brand for pallets and larger load-carrier solutions and the IFCO brand for reusable plastic crates, offering customers standardized, shared assets that move goods through retail, grocery, manufacturing and other supply chains.

Brambles’ core activities include the management, distribution and maintenance of pooled pallets, crates and containers; repair and refurbishment services; and logistics support such as asset tracking and inventory management.