Short Interest in Brambles Ltd. (OTCMKTS:BXBLY) Drops By 27.8%

Key Points

• Short interest in Brambles Ltd. fell by 27.8% in August, with total short shares decreasing from 18,700 to 13,500.
• The company announced a $0.1031 dividend to be paid on October 15th, with a record date of September 12th, yielding 218.0%.
• Brambles stock recently traded at $34.66, showing an upward movement with a 12-month high at $35.27.

Brambles Ltd. (OTCMKTS:BXBLY - ) was the target of a significant decrease in short interest in the month of August. As of August 15th, there was short interest totaling 13,500 shares, adecreaseof27.8% from the July 31st total of 18,700 shares. Based on an average trading volume of 104,400 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 104,400 shares, the days-to-cover ratio is currently 0.1 days.

Brambles Price Performance

Shares of Brambles stock traded up $0.02 during midday trading on Monday, hitting $34.66. The company had a trading volume of 19,366 shares, compared to its average volume of 64,957. Brambles has a 12-month low of $22.60 and a 12-month 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. The company has a fifty day simple moving average of $31.37 and a 200 day simple moving average of $28.77.

Brambles Announces Dividend

The business also recently announced a dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Friday, September 12th will be given a $0.1031 dividend. The ex-dividend date of this dividend is Thursday, September 11th. This represents a 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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