Mondi Plc Uns (OTCMKTS:MONDY) Stock Short Interest Declines 51.9%

Mondi Plc Uns (OTCMKTS:MONDY) saw a significant drop in short interest during the month of September. As of September 30th, there was short interest totaling 4,029 shares, a drop of 51.9% from the September 15th total of 8,380 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 34,819 shares, the days-to-cover ratio is presently 0.1 days.

Mondi Plc Uns Stock Performance

MONDY stock traded down $0.08 during trading on Wednesday, hitting $21.43. The company had a trading volume of 7,499 shares, compared to its average volume of 56,864. Mondi Plc Uns has a 12 month low of $17.87 and a 12 month high of $26.80. The firm has a 50-day moving average price of $22.81 and a 200-day moving average price of $21.45.

Institutional Investors Weigh In On Mondi Plc Uns

A hedge fund recently bought a new position in Mondi Plc Uns stock. Syon Capital LLC bought a new stake in Mondi Plc Uns (OTCMKTS:MONDY) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,676 shares of the company’s stock, valued at approximately $58,000.

Analysts Set New Price Targets

MONDY has been the topic of several research analyst reports. The Goldman Sachs Group upgraded shares of Mondi Plc Uns from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 9th. UBS Group cut Mondi Plc Uns from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Mondi Plc Uns currently has an average rating of “Hold”.

Mondi Plc Uns Company Profile

Mondi plc is an international packaging and paper group that develops and manufactures solutions for consumer, industrial and e-commerce markets. Its products include corrugated packaging, paper bags, flexible packaging, containerboard, kraft paper, release liners and other specialty paper products.

The company serves customers across Europe and other regions, with operations and production sites in a range of countries. Mondi’s business is organized around packaging and paper applications, with an emphasis on recyclable and resource-efficient materials designed to replace less sustainable packaging formats.

Mondi traces its origins to 1967, when its first paper mill was established in South Africa as part of Anglo American.