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

Winpak Ltd. (OTCMKTS:WIPKFGet Rating) was the recipient of a significant growth in short interest in December. As of December 30th, there was short interest totalling 57,800 shares, a growth of 154.6% from the December 15th total of 22,700 shares. Based on an average trading volume of 500 shares, the days-to-cover ratio is presently 115.6 days.

Winpak Price Performance

WIPKF stock opened at $30.74 on Wednesday. Winpak has a one year low of $28.30 and a one year high of $35.85. The company has a fifty day moving average price of $30.90 and a two-hundred day moving average price of $32.61.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on WIPKF shares. BMO Capital Markets lowered their price objective on shares of Winpak from C$54.00 to C$52.00 in a research note on Friday, October 21st. Scotiabank cut their price objective on Winpak from C$62.00 to C$60.00 in a research report on Friday, October 21st.

About Winpak

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

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