DS Smith Plc (OTCMKTS:DITHF) Sees Significant Increase in Short Interest

DS Smith Plc (OTCMKTS:DITHF) saw a large growth in short interest in December. As of December 31st, there was short interest totalling 88,300 shares, a growth of 13.4% from the December 15th total of 77,900 shares. Based on an average daily volume of 15,100 shares, the short-interest ratio is currently 5.8 days.

DS Smith Trading Down 3.5 %

Shares of DS Smith stock traded down $0.26 on Friday, reaching $7.17. 250 shares of the stock were exchanged, compared to its average volume of 4,149. The business has a 50 day moving average price of $7.11 and a two-hundred day moving average price of $6.35. DS Smith has a twelve month low of $3.90 and a twelve month high of $7.43. The company has a current ratio of 0.86, a quick ratio of 0.64 and a debt-to-equity ratio of 0.52.

DS Smith Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, January 29th. Stockholders of record on Friday, December 13th will be paid a $6.20 dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a dividend yield of 3.16%.

Analyst Ratings Changes

Separately, Barclays raised shares of DS Smith from a “strong sell” rating to a “hold” rating in a report on Monday, November 11th.

About DS Smith

DS Smith Plc provides packaging solutions, paper products, and recycling services worldwide. The company offers transit and transport, consumer, retail and shelf ready, heavy duty, fiber base pallets, automotive standard, multi-material, dangerous goods, and e-commerce packaging, as well as packaging for food and drinks, health and beauty, apparel and footwear, home and DIY, and consumer electronics.