CCL Industries Inc. (OTCMKTS:CCDBF) Sees Large Increase in Short Interest

CCL Industries Inc. (OTCMKTS:CCDBF) was the target of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 294,400 shares, an increase of 12.5% from the October 15th total of 261,700 shares. Based on an average daily trading volume, of 7,400 shares, the days-to-cover ratio is currently 39.8 days.

CCL Industries Stock Down 2.2 %

Shares of CCDBF traded down $1.24 during mid-day trading on Friday, hitting $54.81. 49,278 shares of the company traded hands, compared to its average volume of 6,496. CCL Industries has a 1 year low of $37.36 and a 1 year high of $61.27. The stock has a 50-day moving average price of $59.35 and a two-hundred day moving average price of $55.40.

CCL Industries Company Profile

CCL Industries Inc manufactures and sells labels, consumer printable media products, technology-driven label solutions, polymer banknote substrates, and specialty films. It operates through CCL, Avery, Checkpoint, and Innovia segments. The CCL segment converts pressure sensitive and extruded film materials for a range of decorative, instructional, security, and functional applications for government institutions and global customers in consumer packaging, healthcare, chemicals, consumer durables, electronic device, and automotive markets.