Brambles Limited (OTCMKTS:BXBLY) Sees Large Growth in Short Interest

Brambles Limited (OTCMKTS:BXBLY) saw a large growth in short interest in the month of August. As of August 15th, there was short interest totalling 33,000 shares, a growth of 15.4% from the July 31st total of 28,600 shares. Based on an average trading volume of 135,600 shares, the days-to-cover ratio is currently 0.2 days.

Brambles Price Performance

Shares of Brambles stock traded up $0.40 on Monday, reaching $24.60. 32,000 shares of the company were exchanged, compared to its average volume of 38,182. The stock has a fifty day moving average price of $20.43 and a 200-day moving average price of $19.95. The company has a quick ratio of 0.50, a current ratio of 0.53 and a debt-to-equity ratio of 0.51. Brambles has a fifty-two week low of $16.58 and a fifty-two week high of $24.89.

Brambles Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, October 17th. Stockholders of record on Thursday, September 12th will be paid a dividend of $0.3722 per share. The ex-dividend date of this dividend is Thursday, September 12th. This is an increase from Brambles’s previous dividend of $0.28.

Brambles Company Profile

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.