CCL Industries Inc. (OTCMKTS:CCDBF) Short Interest Update

CCL Industries Inc. (OTCMKTS:CCDBF) was the target of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 367,800 shares, a decline of 35.3% from the September 30th total of 568,600 shares. Based on an average trading volume of 15,500 shares, the days-to-cover ratio is presently 23.7 days. Based on an average trading volume of 15,500 shares, the days-to-cover ratio is presently 23.7 days.

CCL Industries Trading Down 1.7%

Shares of OTCMKTS:CCDBF opened at $54.90 on Tuesday. The firm has a fifty day moving average of $56.88 and a 200 day moving average of $56.61. CCL Industries has a 52-week low of $45.89 and a 52-week high of $60.66.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada restated an “outperform” rating on shares of CCL Industries in a research report on Monday, August 18th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

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.