Brambles Ltd. (OTCMKTS:BXBLY) Stock Short Interest Climbs 182.0%

Brambles Ltd. (OTCMKTS:BXBLY) was the recipient of a large growth in short interest in the month of September. As of September 30th, there was short interest totaling 145,153 shares, a growth of 182.0% from the September 15th total of 51,476 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 174,993 shares, the short-interest ratio is currently 0.8 days.

Wall Street Analyst Weigh In

Separately, Zacks Research cut shares of Brambles from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 27th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Brambles currently has a consensus rating of “Hold” and an average price target of $19.34.

Brambles Price Performance

BXBLY opened at $27.36 on Wednesday. The stock’s 50 day moving average price is $27.24 and its 200 day moving average price is $27.91. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.57 and a current ratio of 0.60. Brambles has a 12 month low of $22.70 and a 12 month high of $36.00.

Brambles Company Profile

Brambles Limited is an Australian supply-chain logistics company best known for its CHEP business, which provides reusable pallets, crates, bins and other platforms used to move, store and protect goods. Rather than selling these assets outright, Brambles operates a pooling model in which customers access a shared fleet of standardized equipment that is collected, inspected, repaired and redistributed for repeated use.

CHEP products support supply chains across the consumer goods, grocery, fresh produce, beverage, manufacturing and retail sectors.