Mayr-Melnhof Karton AG (OTCMKTS:MNHFF) Sees Significant Growth in Short Interest

Mayr-Melnhof Karton AG (OTCMKTS:MNHFF) was the target of a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 66 shares, an increase of 6,500.0% from the October 15th total of 1 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is presently ∞ days.

Mayr-Melnhof Karton Price Performance

Shares of MNHFF opened at $92.59 on Wednesday. Mayr-Melnhof Karton has a 1 year low of $92.59 and a 1 year high of $107.50. The business’s 50 day simple moving average is $92.59 and its 200-day simple moving average is $95.27.

About Mayr-Melnhof Karton

Mayr-Melnhof Karton AG, known as MM Group, is an Austria-based producer of cartonboard and paper-based packaging. Its products include cartonboard made from recovered and fresh fiber, folding cartons, and other packaging used for food, consumer goods, and pharmaceutical products. The company serves customers across international markets, with manufacturing and sales operations spanning Europe and other regions. Its business combines board and paper production with packaging manufacturing, including the conversion of cartonboard into finished packaging.