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

Klabin S.A. (OTCMKTS:KLBAY) was the target of a significant decline in short interest in February. As of February 28th, there was short interest totalling 600 shares, a decline of 95.0% from the February 13th total of 12,100 shares. Based on an average daily trading volume, of 1,700 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.0% of the shares of the stock are sold short.

Klabin Price Performance

Shares of KLBAY stock traded up $0.25 during trading hours on Friday, hitting $6.74. 1,538 shares of the company’s stock were exchanged, compared to its average volume of 3,698. Klabin has a fifty-two week low of $6.05 and a fifty-two week high of $9.33. The firm has a market cap of $20.81 billion, a P/E ratio of 10.45, a P/E/G ratio of 6.41 and a beta of 1.04. The company has a quick ratio of 1.76, a current ratio of 2.30 and a debt-to-equity ratio of 2.92. The firm has a 50 day moving average of $7.26 and a two-hundred day moving average of $7.40.

Klabin Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be issued a $0.0718 dividend. The ex-dividend date is Monday, March 10th. Klabin’s payout ratio is 10.91%.

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.