Klabin S.A. (OTCMKTS:KLBAY) Short Interest Update

Klabin S.A. (OTCMKTS:KLBAY) was the recipient of a large growth in short interest in the month of February. As of February 15th, there was short interest totalling 12,100 shares, a growth of 1,110.0% from the January 31st total of 1,000 shares. Based on an average trading volume of 2,000 shares, the short-interest ratio is currently 6.1 days.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group upgraded shares of Klabin from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 30th.

Klabin Stock Performance

Shares of OTCMKTS:KLBAY remained flat at $7.40 during trading on Thursday. The company has a current ratio of 2.30, a quick ratio of 1.76 and a debt-to-equity ratio of 2.92. Klabin has a 12 month low of $6.80 and a 12 month high of $9.33. The stock has a 50-day simple moving average of $7.28 and a 200 day simple moving average of $7.43. The company has a market cap of $22.87 billion, a PE ratio of 11.48, a PEG ratio of 6.41 and a beta of 1.08.

Klabin Cuts Dividend

The business also recently announced a dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, December 23rd will be paid a $0.0718 dividend. The ex-dividend date of this dividend is Monday, December 23rd. Klabin’s dividend payout ratio (DPR) is currently 37.50%.

About Klabin

Klabin SA, together with its subsidiaries, produces and exports packaging paper and sustainable paper packaging solutions in Brazil and internationally. The company engages in the planting of pine and eucalyptus; and forestry management business. It also produces and sells hardwood (eucalyptus), softwood (pine), and fluffed pulp; and paperboard, sackraft, Kraftliner paper, and recycled paper.