AMCOR LTD ORDINARY SHARES (OTCMKTS:AMCRF) Could Burn Your Long Portfolio After More Shorts

June 17, 2018 - By Peter Erickson

Amcor Limited (OTCMKTS:AMCRF) Logo

The stock of AMCOR LTD ORDINARY SHARES (OTCMKTS:AMCRF) registered an increase of 9.1% in short interest. AMCRF’s total short interest was 2.08M shares in June as published by FINRA. Its up 9.1% from 1.91 million shares, reported previously. With 14,600 shares average volume, it will take short sellers 143 days to cover their AMCRF’s short positions. The short interest to AMCOR LTD ORDINARY SHARES’s float is 0.18%.

The stock decreased 4.06% or $0.43 during the last trading session, reaching $10.15. About 106 shares traded. Amcor Limited (OTCMKTS:AMCRF) has 0.00% since June 17, 2017 and is . It has underperformed by 12.57% the S&P500.

Amcor Limited provides packaging solutions in Western Europe, North America, Australia, New Zealand, and internationally. The company has market cap of $12.04 billion. It operates through Amcor Rigid Plastics, Amcor Flexibles, and Other/Investments divisions. It has a 18.49 P/E ratio. The firm makes rigid plastic containers for a range of beverage and food products, including carbonated soft drinks, water, juices, sports drinks, milk beverages, spirits and beer, sauces, dressings, spreads, and personal care items; and plastic caps for various applications.

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