Smurfit Kappa Group Plc (OTCMKTS:SMFKY) Sees Significant Drop in Short Interest

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

Smurfit Kappa Group Price Performance

Shares of SMFKY traded up $0.73 during trading hours on Friday, hitting $43.20. The stock had a trading volume of 33,128 shares, compared to its average volume of 45,180. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.13 and a current ratio of 1.51. Smurfit Kappa Group has a 12 month low of $30.66 and a 12 month high of $46.98. The stock has a fifty day moving average price of $43.86 and a 200 day moving average price of $39.26.

Smurfit Kappa Group Increases Dividend

The company also recently disclosed 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 of this dividend is Thursday, April 11th. This is a positive change from Smurfit Kappa Group’s previous dividend of $0.24.

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.