BPC Acquisition Corp June 15th Short Interest Update

BPC Acquisition Corp (NYSE:BERY) stated loss of 259,248 shares or 5.9% in the short interest. The short interest registered from 4,417,557 on May 31,2016 to 4,158,309 on June 15,2016. In terms of floated shares, the shorted positions stood at 3.5%. The stock has been averaging 1,096,487 shares daily in trading and would need 4 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

BPC Acquisition Corp (NYSE:BERY): The stock opened at $36.35 on Friday but the bulls could not build on the opening and the stock topped out at $37.72 for the day. The stock traded down to $36.28 during the day, due to lack of any buying support eventually closed down at $36.89 with a loss of -3.58% for the day. The stock had closed at $38.26 on the previous day. The total traded volume was 11,644,530 shares.

The company shares have rallied 12.68% from its 1 Year high price. On Jun 2, 2016, the shares registered one year high at $40.00 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $38.20 and the 200 Day Moving Average price is recorded at $34.62.

BPC Acquisition Corp (NYSE:BERY) has tumbled 0.11% during the past week and has dropped 6.06% in the last 4 week period. The company has outperformed the S&P 500 by 1.55% in the past week but underperformed the index by 3.22% in the last 4 weeks.

Berry Plastics Group, Inc. is engaged in providing plastic consumer packaging and engineered materials. The Companys products include drink cups, thin-wall containers, bottles, specialty closures, prescription vials, specialty films, adhesives and corrosion protection materials. The Company operates in four operating segments: Rigid Open Top and Rigid Closed Top, which sells primarily containers, foodservice items, closures, overcaps, bottles, prescription containers, and tubes; Engineered Materials, which sells pipeline corrosion protection solutions, tapes and adhesives, PE (polyethylene)-based film products and can liners; and Flexible Packaging, which sells high barrier, multilayer film products as well as finished flexible packages such as printed bags and pouches. The Company sells its solutions into consumer-oriented end-markets, such as food and beverage, healthcare and personal care.

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