Klabin S.A. (OTCMKTS:KLBAY) Sees Significant Growth in Short Interest

Klabin S.A. (OTCMKTS:KLBAY) saw a significant growth in short interest in February. As of February 15th, there was short interest totalling 12,100 shares, a growth of 1,110.0% from the January 31st total of 1,000 shares. Based on an average daily volume of 2,000 shares, the days-to-cover ratio is currently 6.1 days.

Klabin Price Performance

Shares of KLBAY stock traded down $0.16 during trading on Friday, hitting $7.24. The company had a trading volume of 646 shares, compared to its average volume of 4,052. The stock’s 50-day moving average is $7.26 and its two-hundred day moving average is $7.43. The stock has a market capitalization of $22.37 billion, a price-to-earnings ratio of 11.23, a price-to-earnings-growth ratio of 6.41 and a beta of 1.08. The company has a quick ratio of 1.76, a current ratio of 2.30 and a debt-to-equity ratio of 2.92. Klabin has a 52 week low of $6.80 and a 52 week high of $9.33.

Klabin Cuts Dividend

The business also recently declared a dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be issued a $0.0718 dividend. The ex-dividend date is Monday, March 10th. Klabin’s payout ratio is 37.50%.

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.