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

Klabin S.A. (OTCMKTS:KLBAY) saw a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 1,000 shares, a decline of 9.1% from the January 15th total of 1,100 shares. Based on an average trading volume of 7,000 shares, the short-interest ratio is presently 0.1 days.

Klabin Stock Performance

Shares of OTCMKTS:KLBAY opened at $7.33 on Monday. The company has a market capitalization of $22.65 billion, a price-to-earnings ratio of 11.30, a P/E/G ratio of 6.09 and a beta of 1.08. The firm’s 50 day simple moving average is $7.30 and its 200 day simple moving average is $7.42. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 1.76. Klabin has a fifty-two week low of $6.80 and a fifty-two week high of $9.33.

Klabin Cuts Dividend

The company also recently declared a dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, December 23rd will be issued a $0.0718 dividend. The ex-dividend date is Monday, December 23rd. Klabin’s dividend payout ratio (DPR) is 37.24%.

Wall Street Analysts Forecast Growth

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

Klabin Company Profile

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.