Mondi Plc Uns (OTCMKTS:MONDY) Short Interest Down 39.1% in August

Mondi Plc Uns (OTCMKTS:MONDY) was the target of a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 6,902 shares, a drop of 39.1% from the July 30th total of 11,334 shares. Based on an average daily volume of 41,408 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

Separately, UBS Group cut shares of Mondi Plc Uns from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Hedge Funds Weigh In On Mondi Plc Uns

A number of large investors have recently bought and sold shares of the stock. Parvin Asset Management LLC purchased a new stake in shares of Mondi Plc Uns during the second quarter valued at approximately $346,000. Great Lakes Advisors LLC purchased a new position in shares of Mondi Plc Uns in the second quarter worth $292,000. Syon Capital LLC bought a new stake in Mondi Plc Uns during the 2nd quarter valued at $58,000. Trust Co. of Vermont purchased a new stake in Mondi Plc Uns during the 2nd quarter valued at $534,000. Finally, Diamond Hill Capital Management LLC Investment Advisor bought a new stake in Mondi Plc Uns in the 2nd quarter worth $369,554,000.

Mondi Plc Uns Price Performance

Shares of OTCMKTS:MONDY remained flat at $23.67 on Monday. The stock had a trading volume of 21,600 shares, compared to its average volume of 22,451. The business has a 50 day simple moving average of $21.32 and a 200-day simple moving average of $21.80. The company has a current ratio of 1.53, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49. Mondi Plc Uns has a 52-week low of $17.87 and a 52-week high of $28.32.

About Mondi Plc Uns

Mondi Plc is an integrated packaging and paper group that specializes in sustainable solutions across a broad range of industries. The company’s core activities include the production of containerboard, corrugated packaging, flexible packaging, and uncoated fine paper. Mondi’s product portfolio serves sectors such as food and beverage, consumer goods, industrial applications and e-commerce, helping customers optimize their packaging designs for performance and environmental impact.

Headquartered in Weybridge, United Kingdom, Mondi has its roots in South Africa and traces its modern corporate structure back to a demerger from Anglo American plc in 2007.