Short Interest in Smurfit Kappa Group Plc (OTCMKTS:SMFKY) Drops By 23.1%

Smurfit Kappa Group Plc (OTCMKTS:SMFKY) saw a significant drop in short interest in the month of April. As of April 15th, there was short interest totalling 10,300 shares, a drop of 23.1% from the March 31st total of 13,400 shares. Based on an average daily volume of 133,200 shares, the short-interest ratio is presently 0.1 days.

Smurfit Kappa Group Price Performance

SMFKY traded up $0.82 during trading on Monday, hitting $44.02. The company’s stock had a trading volume of 12,161 shares, compared to its average volume of 35,197. The company has a quick ratio of 1.13, a current ratio of 1.51 and a debt-to-equity ratio of 0.64. Smurfit Kappa Group has a twelve month low of $30.66 and a twelve month high of $46.98. The business’s fifty day simple moving average is $43.86 and its 200 day simple moving average is $39.26.

Smurfit Kappa Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Friday, April 12th will be issued a $0.9148 dividend. This is a positive change from Smurfit Kappa Group’s previous dividend of $0.24. The ex-dividend date is Thursday, April 11th.

About Smurfit Kappa Group

Smurfit Kappa Group Plc, together with its subsidiaries, manufactures, distributes, and sells containerboard, corrugated containers, and other paper-based packaging products in Ireland, Germany, France, Mexico, rest of Europe, and other Americas. The company offers e-commerce, retail, consumer, industrial, bottle, protective, heavy-duty, hexacomb, and various punnet packaging products; composite cardboard tubes, bags, and sacks; and bag-in-box, a packaging system that comprises films, accessories, bags, taps, and boxes.