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

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

Wall Street Analysts Forecast Growth

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

DS Smith Price Performance

DITHF traded down $0.26 on Friday, reaching $7.17. The company's stock had a trading volume of 250 shares, compared to its average volume of 4,149. The company has a current ratio of 0.86, a quick ratio of 0.64 and a debt-to-equity ratio of 0.52. DS Smith has a 1 year low of $3.90 and a 1 year high of $7.43. The business'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 paid a $6.20 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a dividend yield of 3.16%.

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.