Smurfit Kappa Group Plc (OTCMKTS:SMFTF) Sees Significant Drop in Short Interest

Smurfit Kappa Group Plc (OTCMKTS:SMFTF – Get Rating) was the target of a significant decrease in short interest in April. As of April 15th, there was short interest totalling 122,400 shares, a decrease of 40.0% from the March 31st total of 204,000 shares. Based on an average daily volume of 1,000 shares, the days-to-cover ratio is presently 122.4 days.

OTCMKTS SMFTF opened at $41.88 on Friday. Smurfit Kappa Group has a 12 month low of $38.13 and a 12 month high of $60.07. The stock’s fifty day moving average price is $43.78 and its 200-day moving average price is $50.30.

Smurfit Kappa Group Company Profile (Get Rating)

Smurfit Kappa Group plc, together with its subsidiaries, manufactures, distributes, and sells paper-based packaging products. It operates through two segments, Europe and the Americas. The company offers consumer, retail, industrial, e-commerce, heavy-duty corrugated, and hexacomb packaging products; composite cardboard tubes, bags, and sacks; and bag-in-box, a single-use packaging system that comprises films, accessories, bags, taps, and boxes.

See Also