Short Interest in Mondi plc (OTCMKTS:MONDY) Grows By 222.2%

Mondi plc (OTCMKTS:MONDY - Get Free Report) was the recipient of a significant increase in short interest in 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.

Mondi Stock Down 3.4 %

MONDY stock traded down $1.04 during trading on Wednesday, reaching $29.96. 37,677 shares of the company traded hands, compared to its average volume of 43,536. Mondi has a 12 month low of $27.82 and a 12 month high of $41.67. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.06 and a quick ratio of 1.32. The business has a 50 day simple moving average of $29.67 and a 200 day simple moving average of $34.01.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Citigroup upgraded shares of Mondi from a "hold" rating to a "strong-buy" rating in a report on Thursday, October 10th. Barclays downgraded shares of Mondi from a "hold" rating to a "strong sell" rating in a report on Monday, November 11th. Finally, UBS Group raised shares of Mondi from a "hold" rating to a "strong-buy" rating in a research note on Friday, October 18th.

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.

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