Mondi plc (OTCMKTS:MONDY) Short Interest Update

Mondi plc (OTCMKTS:MONDY – Get Rating) was the recipient of a large decline in short interest during the month of April. As of April 30th, there was short interest totalling 5,000 shares, a decline of 58.0% from the April 15th total of 11,900 shares. Based on an average trading volume of 57,200 shares, the days-to-cover ratio is presently 0.1 days.

OTCMKTS:MONDY traded up $0.67 on Friday, reaching $39.00. 14,626 shares of the company’s stock were exchanged, compared to its average volume of 23,332. The company has a quick ratio of 1.05, a current ratio of 1.68 and a debt-to-equity ratio of 0.43. The business has a fifty day moving average of $38.73 and a 200-day moving average of $45.52. Mondi has a 52-week low of $34.15 and a 52-week high of $59.24.

The firm also recently declared a dividend, which will be paid on Tuesday, May 31st. Shareholders of record on Friday, April 8th will be paid a dividend of $0.9429 per share. The ex-dividend date is Thursday, April 7th. This represents a yield of 3.34%.

Several research analysts have recently weighed in on MONDY shares. Exane BNP Paribas raised shares of Mondi from a “neutral” rating to an “outperform” rating in a research report on Friday, May 6th. JPMorgan Chase & Co. upped their target price on shares of Mondi from GBX 2,000 ($24.66) to GBX 2,072 ($25.55) in a research report on Friday, May 6th. Morgan Stanley upped their target price on shares of Mondi from GBX 1,500 ($18.49) to GBX 1,700 ($20.96) in a research report on Thursday. BNP Paribas raised shares of Mondi to an “outperform” rating in a research report on Friday, May 6th. Finally, Zacks Investment Research cut shares of Mondi from a “buy” rating to a “hold” rating in a research report on Saturday. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Mondi currently has a consensus rating of “Buy” and an average target price of $1,272.00.

About Mondi (Get Rating)

Mondi plc engages in the manufacture and sale of packaging and paper products in Africa, Western Europe, Emerging Europe, Russia, North America, South America, Asia, and Australia. It operates in Corrugated Packaging, Flexible Packaging, Engineered Materials, and Uncoated Fine Paper segments. The company offers flexible packaging, bags, and pouches; personal care components; release liners; technical films; corrugated packaging solutions; industrial bags; barrier coatings; specialty Kraft and sack Kraft papers; containerboards; and office and professional printing papers.

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