Mondi plc (OTCMKTS:MONDY) Short Interest Down 62.8% in January

Mondi plc (OTCMKTS:MONDY) was the recipient of a significant decline in short interest in the month of January. As of January 31st, there was short interest totalling 25,300 shares, a decline of 62.8% from the January 15th total of 68,000 shares. Based on an average trading volume of 94,900 shares, the short-interest ratio is presently 0.3 days.

Mondi Trading Down 0.9 %

Shares of Mondi stock traded down $0.29 during trading hours on Wednesday, hitting $30.80. 9,419 shares of the company’s stock traded hands, compared to its average volume of 37,681. Mondi has a twelve month low of $27.82 and a twelve month high of $41.67. The company has a quick ratio of 1.32, a current ratio of 2.06 and a debt-to-equity ratio of 0.36. The stock has a 50 day simple moving average of $29.96 and a 200-day simple moving average of $33.37.

Analysts Set New Price Targets

A number of research analysts have weighed in on MONDY shares. UBS Group raised shares of Mondi from a “hold” rating to a “strong-buy” rating in a research report on Friday, October 18th. Barclays lowered shares of Mondi from a “hold” rating to a “strong sell” rating in a report on Monday, November 11th.

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.