Mondi Plc Uns (OTCMKTS:MONDY) Short Interest Down 39.1% in August

Key Points

• Short interest fell 39.1% in August to 6,902 shares, representing 0.0% of outstanding stock and only 0.2 days of average trading volume.
• Mondi shares were unchanged at $23.67, with the stock trading between a 52-week range of $17.87 and $28.32; several institutional investors initiated positions during the second quarter.
• Analyst sentiment is mixed but leans neutral: UBS downgraded the stock to “Hold,” and MarketBeat reports a consensus “Hold” rating from four analysts.

Mondi Plc Uns (OTCMKTS:MONDY - Get Free Report) saw a large decrease in short interest during the month of August. As of August 14th, there was short interest totaling 6,902 shares, a decrease of 39.1% from the July 30th total of 11,334 shares. Based on an average daily volume of 41,408 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company's stock are short sold.

Mondi Plc Uns Price Performance

Shares of Mondi Plc Uns stock remained flat at $23.67 during trading on Monday. The stock had a trading volume of 21,600 shares, compared to its average volume of 22,451. The company has a current ratio of 1.53, a quick ratio of 0.87 and a debt-to-equity ratio of 0.49. Mondi Plc Uns has a 52 week low of $17.87 and a 52 week high of $28.32. The stock has a fifty day moving average price of $21.32 and a two-hundred day moving average price of $21.80.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Syon Capital LLC acquired a new stake in shares of Mondi Plc Uns during the second quarter worth $58,000. Parvin Asset Management LLC acquired a new stake in shares of Mondi Plc Uns during the second quarter worth $346,000. Great Lakes Advisors LLC acquired a new position in shares of Mondi Plc Uns during the 2nd quarter valued at $292,000. Trust Co. of Vermont bought a new stake in shares of Mondi Plc Uns during the second quarter valued at approximately $534,000. Finally, Diamond Hill Capital Management LLC Investment Advisor bought a new position in shares of Mondi Plc Uns in the second quarter valued at approximately $369,554,000.

Analyst Upgrades and Downgrades

Separately, UBS Group downgraded Mondi Plc Uns from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 30th. One investment 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 stock. According to MarketBeat, the stock has a consensus rating of "Hold".

Mondi Plc Uns Company Profile

Mondi Plc is an integrated packaging and paper group that specializes in sustainable solutions across a broad range of industries. The company's core activities include the production of containerboard, corrugated packaging, flexible packaging, and uncoated fine paper. Mondi's product portfolio serves sectors such as food and beverage, consumer goods, industrial applications and e-commerce, helping customers optimize their packaging designs for performance and environmental impact.

Headquartered in Weybridge, United Kingdom, Mondi has its roots in South Africa and traces its modern corporate structure back to a demerger from Anglo American plc in 2007.

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