Short Interest in Klabin S.A. (OTCMKTS:KLBAY) Decreases By 66.7%

Klabin S.A. (OTCMKTS:KLBAY) was the target of a large decline in short interest in March. As of March 15th, there was short interest totalling 200 shares, a decline of 66.7% from the February 28th total of 600 shares. Based on an average daily volume of 6,000 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s stock are sold short.

Klabin Stock Performance

Shares of OTCMKTS:KLBAY remained flat at $6.85 on Friday. The stock had a trading volume of 432 shares, compared to its average volume of 5,054. Klabin has a twelve month low of $6.05 and a twelve month high of $9.19. The business has a 50-day moving average of $7.18 and a 200 day moving average of $7.32. The firm has a market capitalization of $21.17 billion, a price-to-earnings ratio of 10.63, a PEG 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.

Klabin Cuts Dividend

The company also recently declared a dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were issued a $0.0718 dividend. The ex-dividend date was Monday, March 10th. Klabin’s dividend payout ratio is currently 10.91%.

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.