Mondi Plc Uns (OTCMKTS:MONDY) Shares Shorted: Short Interest Down 51.9% in September

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Mondi Plc Uns stock. Syon Capital LLC bought a new position in Mondi Plc Uns (OTCMKTS:MONDY) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 4,676 shares of the company’s stock, valued at approximately $58,000.

Mondi Plc Uns Price Performance

Shares of Mondi Plc Uns stock opened at $21.60 on Thursday. The stock has a 50 day moving average price of $22.75 and a two-hundred day moving average price of $21.44. Mondi Plc Uns has a 12-month low of $17.87 and a 12-month high of $26.80.

Analyst Ratings Changes

Several research analysts have weighed in on MONDY shares. UBS Group lowered shares of Mondi Plc Uns from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 30th. The Goldman Sachs Group raised shares of Mondi Plc Uns from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 9th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold”.

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.