Short Interest in Klabin S.A. (OTCMKTS:KLBAY) Rises By 450.0%

Klabin S.A. (OTCMKTS:KLBAY) was the target of a significant increase in short interest during the month of June. As of June 15th, there was short interest totalling 1,100 shares, an increase of 450.0% from the May 31st total of 200 shares. Based on an average daily volume of 1,200 shares, the short-interest ratio is currently 0.9 days.

Klabin Price Performance

OTCMKTS:KLBAY opened at $7.75 on Friday. Klabin has a 1 year low of $6.75 and a 1 year high of $9.33. The company has a market cap of $4.79 billion, a P/E ratio of 11.84, a P/E/G ratio of 1.37 and a beta of 1.13. The stock’s fifty day moving average price is $8.00 and its two-hundred day moving average price is $8.18.

Klabin (OTCMKTS:KLBAY) last issued its earnings results on Friday, April 26th. The basic materials company reported $0.15 EPS for the quarter. The company had revenue of $894.74 million for the quarter. On average, analysts expect that Klabin will post 0.43 earnings per share for the current fiscal year.

Klabin Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, May 28th. Stockholders of record on Tuesday, May 7th were paid a dividend of $0.1157 per share. The ex-dividend date of this dividend was Monday, May 6th. This is an increase from Klabin’s previous dividend of $0.01. This represents a dividend yield of 4.79%. Klabin’s dividend payout ratio (DPR) is currently 71.81%.

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.