Clearwater Paper Co. (NYSE:CLW) Short Interest Down 9.5% in August

Clearwater Paper Co. (NYSE:CLW) was the target of a large drop in short interest in August. As of August 31st, there was short interest totalling 545,100 shares, a drop of 9.5% from the August 15th total of 602,500 shares. Based on an average daily volume of 231,800 shares, the short-interest ratio is currently 2.4 days. Approximately 3.4% of the company’s stock are short sold.

Clearwater Paper Stock Performance

Clearwater Paper stock traded up $0.21 during midday trading on Wednesday, reaching $29.71. 194,293 shares of the stock traded hands, compared to its average volume of 197,028. The company has a current ratio of 1.73, a quick ratio of 0.74 and a debt-to-equity ratio of 1.73. The firm has a fifty day moving average price of $39.76 and a two-hundred day moving average price of $43.69. The firm has a market cap of $494.08 million, a price-to-earnings ratio of 4.97 and a beta of 0.33. Clearwater Paper has a fifty-two week low of $27.69 and a fifty-two week high of $57.13.

Clearwater Paper (NYSE:CLW) last released its quarterly earnings results on Tuesday, August 6th. The basic materials company reported ($0.42) EPS for the quarter. Clearwater Paper had a return on equity of 11.56% and a net margin of 2.16%. The company had revenue of $586.40 million for the quarter.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Royal Bank of Canada raised their price objective on shares of Clearwater Paper from $42.00 to $48.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 7th. StockNews.com lowered shares of Clearwater Paper from a “buy” rating to a “hold” rating in a report on Thursday, August 8th.

Institutional Trading of Clearwater Paper

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Grizzlyrock Capital LLC bought a new stake in shares of Clearwater Paper during the 4th quarter worth about $4,585,000. Acadian Asset Management LLC raised its holdings in shares of Clearwater Paper by 14.2% in the 1st quarter. Acadian Asset Management LLC now owns 157,139 shares of the basic materials company’s stock worth $6,867,000 after purchasing an additional 19,590 shares in the last quarter. O Shaughnessy Asset Management LLC raised its holdings in shares of Clearwater Paper by 64.6% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 29,252 shares of the basic materials company’s stock worth $1,279,000 after purchasing an additional 11,482 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of Clearwater Paper in the 4th quarter worth approximately $535,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Clearwater Paper by 780.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 109,134 shares of the basic materials company’s stock worth $4,772,000 after purchasing an additional 96,740 shares in the last quarter. 89.98% of the stock is currently owned by institutional investors.

About Clearwater Paper

Clearwater Paper Corporation manufactures and supplies bleached paperboards, and consumer and parent roll tissues in the United States and internationally. It operates through Pulp and Paperboard, and Consumer Products segments. The Pulp and Paperboard segment manufactures and markets bleached paperboard; Solid Bleached Sulfate paperboard that is used to produce folding cartons, liquid packaging, cups and plates, blister and carded packaging, and top sheet and commercial printing items; and hardwood and softwood pulp, as well as offers services that include custom sheeting, slitting, and cutting.