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

Klabin S.A. (OTCMKTS:KLBAY - Get Free Report) saw a significant growth in short interest during the month of May. As of May 15th, there was short interest totalling 3,300 shares, a growth of 120.0% from the April 30th total of 1,500 shares. Based on an average trading volume of 10,800 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the shares of the stock are short sold.

Analyst Ratings Changes

Separately, UBS Group raised shares of Klabin to a "hold" rating in a research note on Thursday, April 10th.

Klabin Stock Up 0.1%

Shares of OTCMKTS:KLBAY traded up $0.01 during trading on Monday, hitting $6.55. 300 shares of the company's stock traded hands, compared to its average volume of 4,728. The company has a 50-day moving average price of $6.50 and a 200-day moving average price of $6.99. Klabin has a 52 week low of $5.57 and a 52 week high of $9.19. The company has a current ratio of 2.30, a quick ratio of 1.76 and a debt-to-equity ratio of 2.92. The company has a market cap of $20.24 billion, a price-to-earnings ratio of 10.16, a price-to-earnings-growth ratio of 6.41 and a beta of 1.05.

Klabin (OTCMKTS:KLBAY - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.21). Klabin had a net margin of 10.95% and a return on equity of 16.80%. The business had revenue of $828.57 million during the quarter, compared to analyst estimates of $4.80 billion. As a group, research analysts forecast that Klabin will post 0.02 EPS for the current fiscal year.

Klabin Cuts Dividend

The business also recently declared a dividend, which will be paid on Monday, June 2nd. Shareholders of record on Tuesday, May 20th will be issued a $0.0126 dividend. The ex-dividend date is Monday, May 19th. This represents a yield of 4.78%. Klabin's dividend payout ratio is currently 62.75%.

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.