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

Klabin S.A. (OTCMKTS:KLBAY) saw a large decline in short interest in August. As of August 31st, there was short interest totalling 300 shares, a decline of 25.0% from the August 15th total of 400 shares. Based on an average trading volume of 2,300 shares, the days-to-cover ratio is presently 0.1 days.

Klabin Price Performance

Shares of OTCMKTS KLBAY traded down $0.52 during mid-day trading on Tuesday, hitting $7.28. The company had a trading volume of 743 shares, compared to its average volume of 5,617. Klabin has a 1-year low of $6.75 and a 1-year high of $9.33. The business’s 50-day simple moving average is $7.68 and its 200 day simple moving average is $8.03. The company has a market capitalization of $4.50 billion, a PE ratio of 11.20 and a beta of 1.12.

Klabin (OTCMKTS:KLBAY) last posted its earnings results on Monday, July 29th. The basic materials company reported $0.08 EPS for the quarter. The firm had revenue of $934.43 million for the quarter. On average, analysts expect that Klabin will post 0.4 EPS for the current year.

Klabin Increases Dividend

The business also recently declared a dividend, which was paid on Monday, August 26th. Stockholders of record on Friday, August 9th were issued a $0.1199 dividend. The ex-dividend date was Friday, August 9th. This is an increase from Klabin’s previous dividend of $0.12. Klabin’s dividend payout ratio (DPR) is currently 75.38%.

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.