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

Transcontinental Inc. (OTCMKTS:TCLAF) was the recipient of a large increase in short interest in 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 trading volume, of 100 shares, the days-to-cover ratio is currently 5,531.0 days.

Transcontinental Stock Performance

OTCMKTS:TCLAF remained flat at $12.35 during trading hours on Monday. Transcontinental has a 1-year low of $7.33 and a 1-year high of $12.44. The company’s fifty day simple moving average is $11.82 and its 200 day simple moving average is $10.89.

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.