MONDI PLC/ADR (OTCMKTS:MONDY) was the recipient of a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 900 shares, a drop of 18.2% from the August 15th total of 1,100 shares. Based on an average daily volume of 12,600 shares, the short-interest ratio is presently 0.1 days.
Shares of MONDI PLC/ADR stock traded up $1.99 during trading on Wednesday, hitting $41.50. The company’s stock had a trading volume of 7,626 shares, compared to its average volume of 7,524. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.58 and a current ratio of 1.05. The company has a fifty day simple moving average of $38.71 and a two-hundred day simple moving average of $36.43. The company has a market capitalization of $10.08 billion, a PE ratio of 10.75 and a beta of 0.99. MONDI PLC/ADR has a 52 week low of $26.46 and a 52 week high of $47.61.
Several equities research analysts have recently commented on MONDY shares. UBS Group reaffirmed a “buy” rating on shares of MONDI PLC/ADR in a research report on Wednesday, June 17th. Deutsche Bank reaffirmed a “buy” rating on shares of MONDI PLC/ADR in a research report on Friday, August 7th. Credit Suisse Group reaffirmed an “outperform” rating on shares of MONDI PLC/ADR in a research report on Wednesday, August 5th. Zacks Investment Research raised shares of MONDI PLC/ADR from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research report on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of MONDI PLC/ADR in a research report on Wednesday. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $43.00.
Mondi plc manufactures and sells packaging and paper products in the United Kingdom, Africa, Europe, Russia, North America, South America, Asia, and Australia. The company offers flexible packaging, bags, and pouches; personal care components; release liners; technical films; corrugated packaging; industrial bags; barrier coatings; specialty Kraft paper; sack Kraft paper; containerboards; office and professional printing papers; and paper for sustainable and promotional events, as well as product training courses.
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