Short Interest in Smurfit Kappa Group Plc (OTCMKTS:SMFTF) Drops By 20.6%

Smurfit Kappa Group Plc (OTCMKTS:SMFTFGet Rating) saw a large drop in short interest in May. As of May 31st, there was short interest totalling 136,200 shares, a drop of 20.6% from the May 15th total of 171,600 shares. Based on an average daily trading volume, of 1,100 shares, the days-to-cover ratio is currently 123.8 days.

Shares of Smurfit Kappa Group stock traded down $5.77 during trading hours on Thursday, reaching $33.65. 617 shares of the stock traded hands, compared to its average volume of 976. The company has a 50 day moving average price of $40.09 and a 200 day moving average price of $47.33. Smurfit Kappa Group has a one year low of $33.65 and a one year high of $60.07.

About Smurfit Kappa Group (Get Rating)

Smurfit Kappa Group plc, together with its subsidiaries, manufactures, distributes, and sells paper-based packaging products. It operates through two segments, Europe and the Americas. The company offers consumer, retail, industrial, e-commerce, heavy-duty corrugated, and hexacomb packaging products; composite cardboard tubes, bags, and sacks; and bag-in-box, a single-use packaging system that comprises films, accessories, bags, taps, and boxes.

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