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

CCL Industries Inc. (OTCMKTS:CCDBF) was the target of a large drop in short interest in the month of October. As of October 15th, there was short interest totalling 261,700 shares, a drop of 30.5% from the September 30th total of 376,500 shares. Based on an average daily volume of 400 shares, the days-to-cover ratio is presently 654.3 days.

CCL Industries Stock Performance

CCDBF opened at $60.55 on Tuesday. CCL Industries has a 1-year low of $37.36 and a 1-year high of $61.27. The company’s fifty day moving average price is $59.01 and its two-hundred day moving average price is $54.73.

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.