Brambles Ltd. (OTCMKTS:BXBLY) Short Interest Update

Key Points

• Short interest in Brambles Ltd. surged by 486.7%, increasing from 13,500 shares to 79,200 shares by August 31st.
• The stock's current price is $33.96, showing a decrease of 0.8%, with a twelve-month trading range between $22.60 and $35.27.
• Brambles announced a dividend of $0.1031 to be paid on October 15th, with the ex-dividend date set for September 11th, contributing to a yield of 218.0%.

Brambles Ltd. (OTCMKTS:BXBLY - Get Free Report) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 79,200 shares, a growth of 486.7% from the August 15th total of 13,500 shares. Based on an average daily trading volume, of 97,000 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.0% of the company's shares are short sold. Currently, 0.0% of the company's shares are short sold. Based on an average daily trading volume, of 97,000 shares, the days-to-cover ratio is presently 0.8 days.

Brambles Trading Down 0.4%

BXBLY traded down $0.15 during trading on Wednesday, reaching $33.20. 4,715 shares of the company's stock were exchanged, compared to its average volume of 63,729. The company has a current ratio of 0.67, a quick ratio of 0.64 and a debt-to-equity ratio of 0.52. Brambles has a one year low of $22.60 and a one year high of $35.27. The firm has a fifty day moving average price of $31.84 and a two-hundred day moving average price of $29.14.

Brambles Dividend Announcement

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

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.