Klabin SA (OTCMKTS:KLBAY) Short Interest Update

Klabin SA (OTCMKTS:KLBAY) was the recipient of a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 12,755 shares, a drop of 45.3% from the July 30th total of 23,314 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 5,173 shares, the short-interest ratio is currently 2.5 days.

Klabin Trading Up 1.6%

KLBAY traded up $0.11 on Monday, hitting $7.37. The company had a trading volume of 1,844 shares, compared to its average volume of 4,727. The business’s fifty day simple moving average is $6.88 and its 200 day simple moving average is $7.12. The company has a quick ratio of 1.37, a current ratio of 1.78 and a debt-to-equity ratio of 2.01. Klabin has a 12-month low of $6.34 and a 12-month high of $10.23. The company has a market cap of $23.00 billion, a PE ratio of 43.64, a PEG ratio of 1.90 and a beta of 0.65.

Klabin (OTCMKTS:KLBAY) last issued its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02). The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Klabin had a net margin of 1.26% and a return on equity of 1.79%. Equities research analysts expect that Klabin will post 0.25 EPS for the current year.

Analyst Ratings Changes

Separately, Zacks Research downgraded Klabin from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

About Klabin

Klabin SA is a Brazilian integrated paper and pulp company that develops, manufactures and sells a range of forest products and packaging solutions. Founded by the Klabin family in 1899 and headquartered in São Paulo, the company’s activities span forestry management, pulp and paper manufacturing, containerboard and corrugated packaging production, and recycling operations. Klabin supplies both industrial and consumer-oriented paper and packaging products, including kraftliner, corrugating medium, cartonboard and specialty papers used across multiple end markets.

As an integrated forest products company, Klabin manages planted timberlands and brings raw material through its own supply chain into pulping and papermaking facilities.