DS Smith Plc (OTCMKTS:DITHF) Sees Significant Growth in Short Interest

DS Smith Plc (OTCMKTS:DITHF) saw a large growth in short interest in December. As of December 31st, there was short interest totalling 88,300 shares, a growth of 13.4% from the December 15th total of 77,900 shares. Based on an average trading volume of 15,100 shares, the days-to-cover ratio is presently 5.8 days.

DS Smith Trading Down 3.5 %

DITHF opened at $7.17 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.64 and a current ratio of 0.86. DS Smith has a fifty-two week low of $3.90 and a fifty-two week high of $7.43. The company’s 50-day moving average is $7.11 and its 200 day moving average is $6.35.

DS Smith Cuts Dividend

The business also recently announced a dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Friday, December 13th will be issued a $6.20 dividend. The ex-dividend date is Thursday, December 12th. This represents a dividend yield of 3.16%.

Wall Street Analyst Weigh In

Separately, Barclays raised shares of DS Smith from a “strong sell” rating to a “hold” rating in a research note on Monday, November 11th.

DS Smith Company Profile

DS Smith Plc provides packaging solutions, paper products, and recycling services worldwide. The company offers transit and transport, consumer, retail and shelf ready, heavy duty, fiber base pallets, automotive standard, multi-material, dangerous goods, and e-commerce packaging, as well as packaging for food and drinks, health and beauty, apparel and footwear, home and DIY, and consumer electronics.