Short Interest in Brambles Limited (OTCMKTS:BMBLF) Declines By 38.3%

Brambles Limited (OTCMKTS:BMBLF) saw a large decrease in short interest in May. As of May 15th, there was short interest totalling 408,900 shares, a decrease of 38.3% from the April 30th total of 662,700 shares. Based on an average daily volume of 800 shares, the short-interest ratio is presently 511.1 days.

Brambles Price Performance

OTCMKTS BMBLF remained flat at $14.57 on Monday. The stock has a fifty day simple moving average of $13.43 and a 200-day simple moving average of $12.83. Brambles has a 1-year low of $8.90 and a 1-year high of $14.57.

About Brambles

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.