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

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

CCL Industries Stock Performance

Shares of OTCMKTS:CCDBF traded down $1.24 during trading on Friday, reaching $54.81. The stock had a trading volume of 49,278 shares, compared to its average volume of 6,496. CCL Industries has a 52 week low of $37.36 and a 52 week high of $61.27. The business’s 50-day moving average price is $59.35 and its 200 day moving average price is $55.40.

About CCL Industries

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.