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

Klabin S.A. (OTCMKTS:KLBAY) was the recipient of a large decline in short interest in January. As of January 31st, there was short interest totalling 1,000 shares, a decline of 9.1% from the January 15th total of 1,100 shares. Based on an average daily volume of 7,000 shares, the short-interest ratio is presently 0.1 days.

Klabin Stock Up 4.5 %

Shares of Klabin stock opened at $7.66 on Wednesday. The company has a debt-to-equity ratio of 2.92, a quick ratio of 1.76 and a current ratio of 2.30. The stock has a market capitalization of $23.67 billion, a PE ratio of 11.88, a price-to-earnings-growth ratio of 6.09 and a beta of 1.08. Klabin has a 52-week low of $6.80 and a 52-week high of $9.33. The company has a 50-day simple moving average of $7.30 and a two-hundred day simple moving average of $7.42.

Klabin Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, December 23rd will be issued a $0.0718 dividend. The ex-dividend date is Monday, December 23rd. Klabin’s dividend payout ratio (DPR) is presently 37.24%.

Analyst Ratings Changes

Separately, The Goldman Sachs Group raised shares of Klabin from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 30th.

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.