Mondi plc (OTCMKTS:MONDY) Short Interest Update

Mondi plc (OTCMKTS:MONDY) saw a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 11,600 shares, an increase of 222.2% from the December 31st total of 3,600 shares. Based on an average daily volume of 115,700 shares, the days-to-cover ratio is currently 0.1 days.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Citigroup upgraded Mondi from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 10th. UBS Group upgraded shares of Mondi from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 18th. Finally, Barclays lowered shares of Mondi from a “hold” rating to a “strong sell” rating in a research note on Monday, November 11th.

Mondi Price Performance

MONDY stock traded down $1.04 during trading on Wednesday, hitting $29.96. The stock had a trading volume of 37,677 shares, compared to its average volume of 43,536. Mondi has a twelve month low of $27.82 and a twelve month high of $41.67. The company’s 50-day moving average price is $29.67 and its two-hundred day moving average price is $34.01. The company has a current ratio of 2.06, a quick ratio of 1.32 and a debt-to-equity ratio of 0.36.

Mondi Company Profile

Mondi plc, together with its subsidiaries, engages in the manufacture and sale of packaging and paper solutions in Africa, Western Europe, Emerging Europe, North America, South America, Asia, Australia, and internationally. The company operates in three segments: Corrugated Packaging, Flexible Packaging, and Uncoated Fine Paper.