Winpak Ltd. (OTCMKTS:WIPKF) Sees Large Decline in Short Interest

Winpak Ltd. (OTCMKTS:WIPKFGet Free Report) saw a large decrease in short interest in the month of September. As of September 30th, there was short interest totalling 92,300 shares, a decrease of 21.7% from the September 15th total of 117,900 shares. Based on an average daily volume of 5,400 shares, the days-to-cover ratio is currently 17.1 days.

Winpak Trading Down 1.2 %

Shares of WIPKF stock opened at $33.42 on Monday. The business’s 50 day moving average is $34.11 and its two-hundred day moving average is $32.66. Winpak has a twelve month low of $27.19 and a twelve month high of $46.28.

About Winpak

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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.

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