Short Interest in Winpak Ltd. (OTCMKTS:WIPKF) Rises By 23.4%

Winpak Ltd. (OTCMKTS:WIPKF) saw a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 177,700 shares, an increase of 23.4% from the November 30th total of 144,000 shares. Based on an average daily volume of 500 shares, the days-to-cover ratio is presently 355.4 days.

Winpak Stock Down 0.8 %

OTCMKTS WIPKF opened at $33.38 on Friday. Winpak has a 52 week low of $29.00 and a 52 week high of $46.28. The stock’s 50-day moving average price is $34.50 and its 200-day moving average price is $33.79.

About Winpak

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.