Clearwater Paper Co. (NYSE:CLW) Short Interest Up 25.3% in October

Clearwater Paper Co. (NYSE:CLW) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totalling 1,090,000 shares, a growth of 25.3% from the September 30th total of 869,700 shares. Based on an average trading volume of 299,100 shares, the short-interest ratio is currently 3.6 days. Approximately 6.8% of the company’s stock are short sold.

Clearwater Paper Stock Performance

NYSE:CLW traded down $0.64 on Wednesday, hitting $25.89. The stock had a trading volume of 175,683 shares, compared to its average volume of 211,473. The business’s 50-day simple moving average is $29.34 and its two-hundred day simple moving average is $40.85. The stock has a market cap of $430.55 million, a price-to-earnings ratio of 9.63 and a beta of 0.32. Clearwater Paper has a 52-week low of $25.50 and a 52-week high of $57.13. The company has a quick ratio of 0.74, a current ratio of 1.73 and a debt-to-equity ratio of 1.73.

Clearwater Paper (NYSE:CLW) last posted its quarterly earnings data on Tuesday, August 6th. The basic materials company reported ($0.42) earnings per share (EPS) for the quarter. The business had revenue of $586.40 million during the quarter. Clearwater Paper had a return on equity of 11.56% and a net margin of 2.16%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Innealta Capital LLC bought a new position in Clearwater Paper during the second quarter valued at approximately $52,000. GAMMA Investing LLC raised its stake in Clearwater Paper by 30.3% during the second quarter. GAMMA Investing LLC now owns 1,096 shares of the basic materials company’s stock valued at $53,000 after purchasing an additional 255 shares in the last quarter. nVerses Capital LLC bought a new position in shares of Clearwater Paper in the 3rd quarter valued at about $74,000. SG Americas Securities LLC purchased a new position in Clearwater Paper during the first quarter worth $132,000. Finally, DekaBank Deutsche Girozentrale purchased a new stake in Clearwater Paper in the 2nd quarter worth about $153,000. Hedge funds and other institutional investors own 89.98% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Royal Bank of Canada raised Clearwater Paper from a “sector perform” rating to an “outperform” rating and reduced their price objective for the company from $48.00 to $37.00 in a research report on Friday, October 18th. StockNews.com lowered shares of Clearwater Paper from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th.

Clearwater Paper Company Profile

Clearwater Paper Corporation manufactures and supplies bleached paperboards, and consumer and parent roll tissues in the United States and internationally. It operates through Pulp and Paperboard, and Consumer Products segments. The Pulp and Paperboard segment manufactures and markets bleached paperboard; Solid Bleached Sulfate paperboard that is used to produce folding cartons, liquid packaging, cups and plates, blister and carded packaging, and top sheet and commercial printing items; and hardwood and softwood pulp, as well as offers services that include custom sheeting, slitting, and cutting.