Brambles Limited (OTCMKTS:BXBLY) Sees Significant Growth in Short Interest

Brambles Limited (OTCMKTS:BXBLY) was the target of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 176,600 shares, a growth of 938.8% from the February 13th total of 17,000 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 272,600 shares, the days-to-cover ratio is currently 0.6 days.

Brambles Stock Performance

Shares of BXBLY traded down $0.48 during trading hours on Wednesday, hitting $25.75. The stock had a trading volume of 38,105 shares, compared to its average volume of 68,950. The firm has a 50-day moving average price of $24.73 and a 200 day moving average price of $24.85. Brambles has a fifty-two week low of $18.24 and a fifty-two week high of $27.63. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.57 and a current ratio of 0.61.

Brambles Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, April 17th. Shareholders of record on Thursday, March 13th will be given a $0.3853 dividend. The ex-dividend date is Thursday, March 13th. This is an increase from Brambles’s previous dividend of $0.37.

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.