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

Klabin S.A. (OTCMKTS:KLBAY) was the target of a large growth in short interest in November. As of November 15th, there was short interest totalling 200 shares, a growth of 100.0% from the October 31st total of 100 shares. Based on an average daily volume of 400 shares, the days-to-cover ratio is currently 0.5 days.

Klabin Price Performance

KLBAY remained flat at $7.02 on Friday. The company had a trading volume of 3 shares, compared to its average volume of 273. The company has a quick ratio of 2.39, a current ratio of 2.85 and a debt-to-equity ratio of 2.89. Klabin has a 52-week low of $6.75 and a 52-week high of $9.33. The business has a fifty day simple moving average of $7.39 and a 200 day simple moving average of $7.61. The company has a market capitalization of $4.34 billion, a P/E ratio of 10.89, a price-to-earnings-growth ratio of 2.66 and a beta of 1.13.

Klabin Cuts Dividend

The business also recently announced a dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be given a $0.0995 dividend. The ex-dividend date of this dividend is Friday, November 15th. Klabin’s dividend payout ratio (DPR) is 60.51%.

Analyst Ratings Changes

Separately, The Goldman Sachs Group upgraded 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.