Short Interest in Klabin S.A. (OTCMKTS:KLBAY) Grows By 100.0%

Klabin S.A. (OTCMKTS:KLBAY) saw a large increase in short interest in the month of November. As of November 15th, there was short interest totalling 200 shares, an increase of 100.0% from the October 31st total of 100 shares. Based on an average daily volume of 400 shares, the days-to-cover ratio is presently 0.5 days.

Analysts Set New Price Targets

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

Klabin Stock Down 4.4 %

Klabin stock traded down $0.32 during trading on Thursday, reaching $7.02. 100 shares of the company’s stock were exchanged, compared to its average volume of 4,897. Klabin has a 52-week low of $6.75 and a 52-week high of $9.33. The firm has a market cap of $4.34 billion, a price-to-earnings ratio of 10.96, a PEG ratio of 2.78 and a beta of 1.13. The company has a debt-to-equity ratio of 2.89, a quick ratio of 2.39 and a current ratio of 2.85. The company’s 50-day moving average is $7.40 and its two-hundred day moving average is $7.63.

Klabin Cuts Dividend

The business also recently announced a dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be given a $0.0995 dividend. The ex-dividend date of this dividend is Friday, November 15th. Klabin’s payout ratio is 60.94%.

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.