Klabin S.A. (OTCMKTS:KLBAY) Sees Large Decrease in Short Interest

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

Klabin Stock Performance

OTCMKTS KLBAY opened at $7.33 on Tuesday. Klabin has a twelve month low of $6.80 and a twelve month high of $9.33. The company has a quick ratio of 1.76, a current ratio of 2.30 and a debt-to-equity ratio of 2.92. The stock has a market cap of $22.65 billion, a P/E ratio of 11.37, a PEG ratio of 6.09 and a beta of 1.08. The company’s 50-day simple moving average is $7.30 and its 200 day simple moving average is $7.42.

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 issued a $0.0718 dividend. The ex-dividend date of this dividend is Monday, December 23rd. Klabin’s payout ratio is presently 37.50%.

Wall Street Analysts Forecast Growth

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

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.