CCL Industries Inc. (OTCMKTS:CCDBF – Get Free Report) saw a large increase in short interest in August. As of August 31st, there was short interest totalling 820,400 shares, an increase of 5.2% from the August 15th total of 779,500 shares. Based on an average daily trading volume, of 2,100 shares, the days-to-cover ratio is currently 390.7 days.
Wall Street Analysts Forecast Growth
Separately, Raymond James raised their price target on CCL Industries from $80.00 to $84.00 and gave the company an “outperform” rating in a report on Tuesday, June 11th.
Read Our Latest Report on CCL Industries
CCL Industries Price Performance
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.
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