Short Interest in Winpak Ltd. (OTCMKTS:WIPKF) Increases By 21.8%

Winpak Ltd. (OTCMKTS:WIPKF) was the target of a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 185,400 shares, an increase of 21.8% from the January 31st total of 152,200 shares. Based on an average daily trading volume, of 1,900 shares, the days-to-cover ratio is currently 97.6 days.

Winpak Trading Down 2.5 %

Shares of OTCMKTS:WIPKF opened at $27.34 on Thursday. Winpak has a one year low of $27.34 and a one year high of $46.28. The business’s 50-day simple moving average is $30.62 and its 200 day simple moving average is $32.91.

Winpak Company Profile

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.