Short Interest in CCL Industries Inc. (OTCMKTS:CCDBF) Increases By 17.3%

CCL Industries Inc. (OTCMKTS:CCDBF) saw a significant growth in short interest in the month of May. As of May 31st, there was short interest totalling 811,500 shares, a growth of 17.3% from the May 15th total of 691,900 shares. Based on an average daily trading volume, of 300 shares, the days-to-cover ratio is presently 2,705.0 days.

CCL Industries Stock Up 0.9 %

CCL Industries stock opened at $52.09 on Tuesday. The firm’s fifty day moving average is $51.76 and its 200 day moving average is $48.27. CCL Industries has a 52-week low of $37.36 and a 52-week high of $54.70.

Wall Street Analyst Weigh In

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

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.