Klabin S.A. (OTCMKTS:KLBAY - Get Free Report) saw a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 2,200 shares, a growth of 1,000.0% from the March 15th total of 200 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 11,400 shares, the days-to-cover ratio is presently 0.2 days.
Klabin Stock Performance
Shares of OTCMKTS KLBAY traded up $0.18 during trading on Friday, hitting $6.30. The company had a trading volume of 333 shares, compared to its average volume of 4,244. The stock has a 50 day simple moving average of $6.82 and a 200 day simple moving average of $7.15. The firm has a market capitalization of $19.47 billion, a P/E ratio of 9.77, a price-to-earnings-growth ratio of 6.41 and a beta of 0.95. Klabin has a 12 month low of $5.57 and a 12 month high of $9.19. The company has a debt-to-equity ratio of 2.92, a quick ratio of 1.76 and a current ratio of 2.30.
Klabin Cuts Dividend
The company also recently disclosed a dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were given a dividend of $0.0718 per share. The ex-dividend date was Monday, March 10th. Klabin's payout ratio is 10.91%.
Analyst Ratings Changes
Separately, UBS Group upgraded shares of Klabin to a "hold" rating in a research report on Thursday, April 10th.
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Klabin Company Profile
(
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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.
Further Reading
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