Short Interest in Klabin S.A. (OTCMKTS:KLBAY) Drops By 66.7%

Klabin S.A. (OTCMKTS:KLBAY) was the recipient of a significant decrease in short interest in March. As of March 15th, there was short interest totalling 200 shares, a decrease of 66.7% from the February 28th total of 600 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 6,000 shares, the short-interest ratio is presently 0.0 days.

Klabin Stock Performance

Shares of Klabin stock remained flat at $6.85 during trading hours on Friday. 432 shares of the company’s stock were exchanged, compared to its average volume of 5,054. The stock has a market cap of $21.17 billion, a price-to-earnings ratio of 10.63, a PEG ratio of 6.41 and a beta of 1.04. The company’s fifty day simple moving average is $7.18 and its 200 day simple moving average is $7.32. The company has a quick ratio of 1.76, a current ratio of 2.30 and a debt-to-equity ratio of 2.92. Klabin has a 1-year low of $6.05 and a 1-year high of $9.19.

Klabin Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were issued a $0.0718 dividend. The ex-dividend date was Monday, March 10th. Klabin’s payout ratio is 10.91%.

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.