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

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

Winpak Stock Performance

Shares of OTCMKTS:WIPKF opened at $27.34 on Friday. The business has a 50 day simple moving average of $30.50 and a two-hundred day simple moving average of $32.87. Winpak has a 1 year low of $27.34 and a 1 year high of $46.28.

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.