DS Smith Plc (OTCMKTS:DITHF) Short Interest Up 13.4% in January

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

DS Smith Price Performance

DITHF stock remained flat at $7.22 during trading on Thursday. The company has a quick ratio of 0.64, a current ratio of 0.86 and a debt-to-equity ratio of 0.52. DS Smith has a 52 week low of $3.90 and a 52 week high of $7.51. The stock's 50 day moving average is $7.30 and its 200 day moving average is $6.54.

DS Smith Cuts Dividend

The firm also recently declared a dividend, which was paid on Wednesday, January 29th. Shareholders of record on Friday, December 13th were paid a $6.20 dividend. This represents a yield of 3.16%. The ex-dividend date was Thursday, December 12th.

Analysts Set New Price Targets

Separately, Barclays raised DS Smith from a "strong sell" rating to a "hold" rating in a report 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.