Short Interest in Mondi plc (OTCMKTS:MONDY) Declines By 81.9%

Mondi plc (OTCMKTS:MONDY) saw a significant drop in short interest in the month of March. As of March 31st, there was short interest totalling 3,900 shares, a drop of 81.9% from the March 15th total of 21,500 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 15,700 shares, the short-interest ratio is currently 0.2 days.

Mondi Price Performance

MONDY traded up $0.48 on Tuesday, reaching $28.84. The company’s stock had a trading volume of 25,131 shares, compared to its average volume of 20,773. The company has a current ratio of 2.06, a quick ratio of 1.32 and a debt-to-equity ratio of 0.36. Mondi has a 1 year low of $25.53 and a 1 year high of $41.67. The business’s 50 day moving average is $30.96 and its 200 day moving average is $31.22.

Mondi Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, June 2nd. Stockholders of record on Friday, April 4th will be given a dividend of $1.0074 per share. The ex-dividend date of this dividend is Friday, April 4th. This is an increase from Mondi’s previous dividend of $0.45.

Analyst Upgrades and Downgrades

Separately, Barclays upgraded shares of Mondi from a “strong sell” rating to a “hold” rating in a research note on Monday, April 7th.

Mondi Company Profile

Mondi plc, together with its subsidiaries, engages in the manufacture and sale of packaging and paper solutions in Africa, Western Europe, Emerging Europe, North America, South America, Asia, Australia, and internationally. The company operates in three segments: Corrugated Packaging, Flexible Packaging, and Uncoated Fine Paper.