CCL Industries Inc. (OTCMKTS:CCDBF) Update on Short Interest

CCL Industries Inc. (OTCMKTS:CCDBF – Get Your Free Report ) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 820,400 shares, up 5.2% from the August 15th total of 779,500 shares. Based on an average daily trading volume of 2,100 shares, the days-to-cover ratio is currently 390.7 days.

Analysts on Wall Street are forecasting an increase

Separately, Raymond James upped their target price on CCL Industries from $80.00 to $84.00 and gave the company an “outperform” rating in a report on Tuesday, June 11th.

Read our latest report on CCL Industries

CCL Industries price performance

Shares of CCDBF stock opened at $58.89 on Thursday. CCL Industries has a 12-month low of $37.36 and a 12-month high of $59.96. The company’s 50-day moving average is $55.42 and its 200-day moving average is $53.16.

CCL Industries Company Profile

(Get a free report)

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

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