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

Klabin S.A. (OTCMKTS:KLBAY) was the target of a large increase in short interest in the month of February. As of February 15th, there was short interest totalling 12,100 shares, an increase of 1,110.0% from the January 31st total of 1,000 shares. Based on an average daily volume of 2,000 shares, the short-interest ratio is currently 6.1 days.

Analysts Set New Price Targets

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

Klabin Price Performance

Shares of OTCMKTS:KLBAY remained flat at $7.40 during mid-day trading on Thursday. The business’s 50 day moving average price is $7.28 and its 200-day moving average price is $7.43. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 1.76. The company has a market cap of $22.87 billion, a P/E ratio of 11.48, a PEG ratio of 6.41 and a beta of 1.08. Klabin has a 12-month low of $6.80 and a 12-month high of $9.33.

Klabin Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Monday, March 24th. Investors of record on Monday, December 23rd will be given a dividend of $0.0718 per share. The ex-dividend date is Monday, December 23rd. Klabin’s payout ratio is currently 37.50%.

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.