Brambles Limited (OTCMKTS:BXBLY) Sees Large Drop in Short Interest

Brambles Limited (OTCMKTS:BXBLY) was the target of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totalling 10,600 shares, a decrease of 67.9% from the August 15th total of 33,000 shares. Based on an average trading volume of 77,400 shares, the days-to-cover ratio is presently 0.1 days.

Brambles Stock Performance

Brambles stock traded down $0.24 during trading hours on Friday, reaching $24.55. 16,657 shares of the company’s stock were exchanged, compared to its average volume of 37,726. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.50 and a current ratio of 0.61. The firm’s 50 day simple moving average is $21.51 and its 200 day simple moving average is $20.28. Brambles has a twelve month low of $16.58 and a twelve month high of $26.08.

Brambles Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, October 17th. Investors of record on Thursday, September 12th will be paid a dividend of $0.3722 per share. The ex-dividend date of this dividend is Thursday, September 12th. This is a boost from Brambles’s previous dividend of $0.28.

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.