Short Interest in Winpak Ltd. (OTCMKTS:WIPKF) Drops By 21.7%

Winpak Ltd. (OTCMKTS:WIPKF) was the recipient of a significant drop in short interest in September. As of September 30th, there was short interest totalling 92,300 shares, a drop of 21.7% from the September 15th total of 117,900 shares. Based on an average daily trading volume, of 5,400 shares, the short-interest ratio is currently 17.1 days.

Winpak Price Performance

Shares of WIPKF stock opened at $33.42 on Friday. The business’s 50-day moving average price is $34.11 and its 200-day moving average price is $32.64. Winpak has a 12 month low of $27.19 and a 12 month high of $46.28.

Winpak Company Profile

Winpak Ltd. manufactures and distributes packaging materials and related packaging machines in the United States, Canada, and Mexico. The company operates is Flexible Packaging, Rigid Packaging and Flexible Lidding, and Packaging Machinery segments. The Flexible Packaging segment provides modified atmosphere packaging products for fresh and processed meats, poultry, cheese, medical device packaging, high-performance pouch, and high-barrier films for converting applications; specialty films, including barrier and non-barrier films converting applications, such as printing, laminating and bag making, as well as shrink bags; and biaxially oriented nylon films for food packaging and industrial applications.