DS Smith Plc (OTCMKTS:DITHF) Short Interest Up 13.4% in December

DS Smith Plc (OTCMKTS:DITHF) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totalling 88,300 shares, a growth of 13.4% from the December 15th total of 77,900 shares. Based on an average daily volume of 15,100 shares, the days-to-cover ratio is currently 5.8 days.

DS Smith Price Performance

DS Smith stock traded down $0.26 during mid-day trading on Friday, hitting $7.17. The company’s stock had a trading volume of 250 shares, compared to its average volume of 4,149. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.64 and a current ratio of 0.86. The company has a 50 day moving average of $7.11 and a 200-day moving average of $6.35. DS Smith has a one year low of $3.90 and a one year high of $7.43.

DS Smith Cuts Dividend

The business also recently announced a dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Friday, December 13th will be given a dividend of $6.20 per share. This represents a dividend yield of 3.16%. The ex-dividend date of this dividend is Thursday, December 12th.

Wall Street Analysts Forecast Growth

Separately, Barclays upgraded shares of DS Smith from a “strong sell” rating to a “hold” rating in a research report on Monday, November 11th.

DS Smith Company Profile

DS Smith Plc provides packaging solutions, paper products, and recycling services worldwide. The company offers transit and transport, consumer, retail and shelf ready, heavy duty, fiber base pallets, automotive standard, multi-material, dangerous goods, and e-commerce packaging, as well as packaging for food and drinks, health and beauty, apparel and footwear, home and DIY, and consumer electronics.