Short Interest in CCL Industries Inc. (OTCMKTS:CCDBF) Expands By 5.9%

CCL Industries Inc. (OTCMKTS:CCDBF) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totalling 868,600 shares, an increase of 5.9% from the August 31st total of 820,400 shares. Based on an average trading volume of 1,200 shares, the short-interest ratio is currently 723.8 days.

CCL Industries Price Performance

Shares of CCDBF remained flat at $60.98 during mid-day trading on Monday. 3,712 shares of the stock were exchanged, compared to its average volume of 5,906. CCL Industries has a 12-month low of $37.36 and a 12-month high of $61.27. The business has a 50-day simple moving average of $56.55 and a two-hundred day simple moving average of $53.56.

Analysts Set New Price Targets

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

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.