Brambles Ltd. (OTCMKTS:BXBLY) Short Interest Up 92.3% in April

Key Points

• Short interest in Brambles surged 92.3% in April to 38,614 shares as of April 15, but represents about 0.0% of shares shorted and a days-to-cover ratio of 0.2 days, suggesting the short position remains small relative to trading volume.
• Zacks moved its rating to a "Hold" on February 5, and the MarketBeat consensus rating for Brambles is currently Hold.
• Shares opened at $31.34 and are trading near their 50-day ($32.74) and 200-day ($31.82) moving averages, inside a 12-month range of $25.43 to $36.00.

Brambles Ltd. (OTCMKTS:BXBLY - Get Free Report) was the target of a large increase in short interest in the month of April. As of April 15th, there was short interest totaling 38,614 shares, an increase of 92.3% from the March 31st total of 20,082 shares. Approximately 0.0% of the company's shares are short sold. Based on an average daily volume of 180,451 shares, the days-to-cover ratio is presently 0.2 days.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Brambles to a "hold" rating in a research report on Thursday, February 5th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Hold".

Brambles Stock Performance

Shares of BXBLY stock opened at $31.34 on Monday. Brambles has a 12 month low of $25.43 and a 12 month high of $36.00. The company's fifty day moving average price is $32.74 and its 200-day moving average price is $31.82.

About Brambles

Brambles Limited OTCMKTS: BXBLY is a global supply-chain logistics company headquartered in Sydney, Australia, best known for its pooled pallet and reusable packaging services. The company operates the CHEP brand for pallets and larger load-carrier solutions and the IFCO brand for reusable plastic crates, offering customers standardized, shared assets that move goods through retail, grocery, manufacturing and other supply chains.

Brambles' core activities include the management, distribution and maintenance of pooled pallets, crates and containers; repair and refurbishment services; and logistics support such as asset tracking and inventory management.

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