Short Interest in Brambles Limited (OTCMKTS:BMBLF) Expands By 141.0%

Brambles Limited (OTCMKTS:BMBLF) saw a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 1,068,632 shares, an increase of 141.0% from the April 30th total of 443,439 shares. Based on an average daily volume of 974 shares, the short-interest ratio is presently 1,097.2 days.

Brambles Price Performance

Shares of BMBLF opened at $12.14 on Friday. The firm has a fifty day simple moving average of $15.41 and a two-hundred day simple moving average of $15.85. Brambles has a twelve month low of $10.83 and a twelve month high of $18.27.

Brambles Company Profile

Brambles Limited, trading as OTCMKTS:BMBLF in the U.S. over-the-counter market, is a global provider of supply-chain logistics solutions. The company specializes in the pooling and management of reusable pallets, crates and containers under its principal brands, CHEP and IFCO. These assets are used by customers in consumer goods, fresh produce, automotive, industrial and retail sectors to streamline logistics, improve traceability and reduce waste across local and global distribution networks.

Established in the 19th century as part of the Colonial Sugar Refining Company, Brambles has evolved through demergers and strategic acquisitions to become a standalone entity listed on the Australian Securities Exchange.