Short Interest in Brambles Ltd. (OTCMKTS:BXBLY) Declines By 77.7%

Key Points

• Short interest for Brambles Ltd. has significantly declined by 77.7% in September, falling to 17,700 shares from 79,200 shares in August.
• The company announced a dividend of $0.1031 per share, to be paid on October 15th, with a dividend yield of 218.0%.
• As of September 15th, Brambles stock is priced at $32.73, with a 52-week range from $22.60 to $35.27.

Brambles Ltd. (OTCMKTS:BXBLY - ) saw a large decline in short interest during the month of September. As of September 15th, there was short interest totaling 17,700 shares, a decline of 77.7% from the August 31st total of 79,200 shares. Based on an average daily volume of 65,500 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 65,500 shares, the short-interest ratio is presently 0.3 days.

Brambles Stock Up 0.5%

Brambles stock opened at $32.73 on Wednesday. The company's 50-day moving average is $32.21 and its 200-day moving average is $29.60. Brambles has a fifty-two week low of $22.60 and a fifty-two week high of $35.27. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.64 and a current ratio of 0.67.

Brambles Announces Dividend

The business also recently announced a dividend, which will be paid on Wednesday, October 15th. Investors of record on Friday, September 12th will be issued a dividend of $0.1031 per share. The ex-dividend date of this dividend is Thursday, September 11th. This represents a dividend yield of 218.0%.

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.

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