Short Interest in Klabin S.A. (OTCMKTS:KLBAY) Increases By 600.0%

Klabin S.A. (OTCMKTS:KLBAY) was the recipient of a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 700 shares, an increase of 600.0% from the November 30th total of 100 shares. Based on an average daily trading volume, of 15,200 shares, the days-to-cover ratio is presently 0.0 days.

Klabin Price Performance

Klabin stock remained flat at $7.13 during trading hours on Thursday. 88 shares of the company’s stock were exchanged, compared to its average volume of 5,156. The company’s 50 day simple moving average is $7.36 and its two-hundred day simple moving average is $7.53. Klabin has a 1-year low of $6.75 and a 1-year high of $9.33. The stock has a market cap of $4.41 billion, a PE ratio of 11.06, a PEG ratio of 15.25 and a beta of 1.10. The company has a current ratio of 2.85, a quick ratio of 2.39 and a debt-to-equity ratio of 2.89.

Klabin Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, December 23rd will be given a $0.0718 dividend. The ex-dividend date of this dividend is Monday, December 23rd. Klabin’s payout ratio is 37.50%.

Wall Street Analyst Weigh In

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.