Short Interest in Smurfit Kappa Group Plc (OTCMKTS:SMFKY) Declines By 46.6%

Smurfit Kappa Group Plc (OTCMKTS:SMFKY) was the target of a significant decrease in short interest in March. As of March 15th, there was short interest totalling 14,100 shares, a decrease of 46.6% from the February 29th total of 26,400 shares. Based on an average trading volume of 39,400 shares, the days-to-cover ratio is currently 0.4 days.

Smurfit Kappa Group Price Performance

SMFKY stock traded down $0.45 on Thursday, hitting $45.79. 120,397 shares of the company were exchanged, compared to its average volume of 17,491. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.15 and a current ratio of 1.57. The business’s fifty day moving average is $41.12 and its two-hundred day moving average is $37.60. Smurfit Kappa Group has a twelve month low of $30.66 and a twelve month high of $46.34.

Smurfit Kappa Group Increases Dividend

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

Smurfit Kappa Group Company Profile

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.