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

Klabin S.A. (OTCMKTS:KLBAY) was the target of a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 200 shares, a decrease of 66.7% from the February 28th total of 600 shares. Based on an average trading volume of 6,000 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Klabin Stock Performance

Shares of KLBAY stock traded down $0.12 during trading on Friday, reaching $6.85. The company had a trading volume of 347 shares, compared to its average volume of 5,054. The firm’s 50 day simple moving average is $7.18 and its two-hundred day simple moving average is $7.32. Klabin has a one year low of $6.05 and a one year high of $9.19. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 1.76. The company has a market capitalization of $21.17 billion, a PE ratio of 10.63, a PEG ratio of 6.41 and a beta of 1.04.

Klabin Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were issued a dividend of $0.0718 per share. The ex-dividend date of this dividend was Monday, March 10th. Klabin’s dividend payout ratio is currently 10.91%.

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.