Mondi plc (OTCMKTS:MONDY) Short Interest Update

Mondi plc (OTCMKTS:MONDY – Get Rating) saw a significant decline in short interest in 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 daily trading volume, of 57,200 shares, the days-to-cover ratio is presently 0.1 days.

Shares of MONDY stock traded up $0.67 on Friday, hitting $39.00. The stock had a trading volume of 14,626 shares, compared to its average volume of 23,317. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.05 and a current ratio of 1.68. The business has a 50 day moving average price of $38.73 and a 200 day moving average price of $45.56. Mondi has a one year low of $34.15 and a one year high of $59.24.

The company also recently disclosed a dividend, which will be paid on Tuesday, May 31st. Investors of record on Friday, April 8th will be issued a $0.9429 dividend. The ex-dividend date is Thursday, April 7th. This represents a dividend yield of 3.34%.

MONDY has been the subject of several recent analyst reports. BNP Paribas raised shares of Mondi to an “outperform” rating in a research note on Friday, May 6th. JPMorgan Chase & Co. lifted their target price on Mondi from GBX 2,000 ($24.66) to GBX 2,072 ($25.55) in a research report on Friday, May 6th. Morgan Stanley lifted their target price on Mondi from GBX 1,500 ($18.49) to GBX 1,700 ($20.96) in a research report on Thursday. Exane BNP Paribas upgraded Mondi from a “neutral” rating to an “outperform” rating in a research report on Friday, May 6th. Finally, Zacks Investment Research downgraded Mondi from a “buy” rating to a “hold” rating in a research report on Saturday. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average 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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