Short Interest in Mondi plc (OTCMKTS:MONDY) Decreases By 81.9%

Mondi plc (OTCMKTS:MONDY - Get Free Report) was the target of a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 3,900 shares, a drop of 81.9% from the March 15th total of 21,500 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 15,700 shares, the days-to-cover ratio is presently 0.2 days.

Mondi Price Performance

Shares of Mondi stock traded up $0.08 during trading on Friday, reaching $29.31. 9,147 shares of the stock were exchanged, compared to its average volume of 20,376. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.32 and a current ratio of 2.06. The stock's fifty day moving average is $30.80 and its 200 day moving average is $31.08. Mondi has a 1 year low of $25.53 and a 1 year high of $41.67.

Mondi Increases Dividend

The company also recently declared a dividend, which will be paid on Monday, June 2nd. Shareholders of record on Friday, April 4th will be paid a dividend of $1.0074 per share. This is a boost from Mondi's previous dividend of $0.45. The ex-dividend date of this dividend is Friday, April 4th.

Analyst Ratings Changes

Separately, Barclays raised Mondi from a "strong sell" rating to a "hold" rating in a research note on Monday, April 7th.

About Mondi

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.