Short Interest in Transcontinental Inc. (OTCMKTS:TCLAF) Increases By 28.8%

Transcontinental Inc. (OTCMKTS:TCLAF) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 553,100 shares, an increase of 28.8% from the August 15th total of 429,400 shares. Based on an average daily volume of 100 shares, the days-to-cover ratio is currently 5,531.0 days.

Transcontinental Price Performance

Shares of TCLAF remained flat at $12.35 during mid-day trading on Friday. The stock’s 50-day moving average is $11.82 and its two-hundred day moving average is $10.88. Transcontinental has a 52 week low of $7.33 and a 52 week high of $12.44.

About Transcontinental

Transcontinental Inc engages in the flexible packaging business in Canada, the United States, Latin America, the United Kingdom, Australia, and New Zealand. It operates through Packaging, Printing, and Media sectors. The Packaging sector engages in the extrusion, lamination, printing, and converting packaging solutions; and manufacturing and recycling flexible plastic, including rollstock, bags and pouches, coextruded films, shrink films and bags, and advanced coatings.