Short Interest in Klabin S.A. (OTCMKTS:KLBAY) Decreases By 25.0%

Klabin S.A. (OTCMKTS:KLBAY) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 300 shares, a drop of 25.0% from the August 15th total of 400 shares. Based on an average daily trading volume, of 2,300 shares, the days-to-cover ratio is currently 0.1 days.

Klabin Trading Down 6.7 %

KLBAY stock traded down $0.52 during trading on Tuesday, hitting $7.28. The company had a trading volume of 743 shares, compared to its average volume of 5,617. The company has a fifty day moving average price of $7.69 and a two-hundred day moving average price of $8.03. Klabin has a fifty-two week low of $6.75 and a fifty-two week high of $9.33. The company has a market cap of $4.50 billion, a P/E ratio of 12.00 and a beta of 1.12.

Klabin (OTCMKTS:KLBAY) last issued its earnings results on Monday, July 29th. The basic materials company reported $0.08 EPS for the quarter. The firm had revenue of $934.43 million during the quarter. On average, analysts expect that Klabin will post 0.4 earnings per share for the current year.

Klabin Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, August 26th. Stockholders of record on Friday, August 9th were issued a dividend of $0.1199 per share. This is a positive change from Klabin’s previous dividend of $0.12. The ex-dividend date of this dividend was Friday, August 9th. Klabin’s dividend payout ratio (DPR) is presently 75.38%.

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.