Mondi Plc Uns (OTCMKTS:MONDY) Stock Short Interest Declines 51.9%

Mondi Plc Uns (OTCMKTS:MONDY) was the recipient of a significant decrease in short interest in September. As of September 30th, there was short interest totaling 4,029 shares, a decrease of 51.9% from the September 15th total of 8,380 shares. Based on an average daily volume of 34,819 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Mondi Plc Uns Trading Down 0.4%

MONDY traded down $0.08 during trading on Wednesday, hitting $21.43. The company had a trading volume of 7,499 shares, compared to its average volume of 56,864. Mondi Plc Uns has a one year low of $17.87 and a one year high of $26.80. The firm’s 50-day moving average price is $22.81 and its 200 day moving average price is $21.45.

Analyst Upgrades and Downgrades

MONDY has been the topic of a number of recent analyst reports. The Goldman Sachs Group raised shares of Mondi Plc Uns from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 9th. UBS Group lowered Mondi Plc Uns from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Mondi Plc Uns has an average rating of “Hold”.

Institutional Trading of Mondi Plc Uns

A hedge fund recently bought a new stake in Mondi Plc Uns stock. Syon Capital LLC acquired a new stake in Mondi Plc Uns (OTCMKTS:MONDY) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 4,676 shares of the company’s stock, valued at approximately $58,000.

Mondi Plc Uns Company Profile

Mondi plc is an international packaging and paper group that develops and manufactures solutions for consumer, industrial and e-commerce markets. Its products include corrugated packaging, paper bags, flexible packaging, containerboard, kraft paper, release liners and other specialty paper products.

The company serves customers across Europe and other regions, with operations and production sites in a range of countries. Mondi’s business is organized around packaging and paper applications, with an emphasis on recyclable and resource-efficient materials designed to replace less sustainable packaging formats.

Mondi traces its origins to 1967, when its first paper mill was established in South Africa as part of Anglo American.