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

Brambles Limited (OTCMKTS:BXBLY) was the recipient of a large growth in short interest in February. As of February 28th, there was short interest totalling 176,600 shares, a growth of 938.8% from the February 13th total of 17,000 shares. Based on an average daily volume of 272,600 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.0% of the company’s stock are short sold.

Brambles Stock Down 1.8 %

BXBLY stock traded down $0.48 on Wednesday, hitting $25.75. 38,105 shares of the company’s stock were exchanged, compared to its average volume of 68,950. Brambles has a 12-month low of $18.24 and a 12-month high of $27.63. The company has a quick ratio of 0.57, a current ratio of 0.61 and a debt-to-equity ratio of 0.54. The firm has a 50 day moving average price of $24.73 and a two-hundred day moving average price of $24.85.

Brambles Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, April 17th. Investors of record on Thursday, March 13th will be given a $0.3853 dividend. This is an increase from Brambles’s previous dividend of $0.37. The ex-dividend date is Thursday, March 13th.

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.