Klabin SA (OTCMKTS:KLBAY) Short Interest Down 45.3% in August

Key Points

• Klabin’s short interest fell 45.3% to 12,755 shares as of August 14, down from 23,314 shares on July 30. The stock has a days-to-cover ratio of 2.5, with 0.0% of shares sold short.
• Analyst sentiment is mixed: Zacks Research downgraded Klabin to “strong sell,” while the three analysts tracked by MarketBeat give the stock an average “hold” rating.
• Klabin shares rose 0.9% to $7.26, but the company’s latest quarterly EPS of $0.09 missed the $0.11 consensus estimate; revenue of $1.02 billion matched expectations.

Klabin SA (OTCMKTS:KLBAY - Get Free Report) was the target of a significant drop in short interest in August. As of August 14th, there was short interest totaling 12,755 shares, a drop of 45.3% from the July 30th total of 23,314 shares. Based on an average daily trading volume, of 5,173 shares, the days-to-cover ratio is currently 2.5 days. Currently, 0.0% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered shares of Klabin from a "hold" rating to a "strong sell" rating in a research note on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold".

Klabin Stock Up 0.9%

KLBAY stock traded up $0.07 during trading hours on Friday, hitting $7.26. The company's stock had a trading volume of 7,102 shares, compared to its average volume of 4,921. The company has a market capitalization of $22.65 billion, a PE ratio of 42.97, a price-to-earnings-growth ratio of 1.90 and a beta of 0.65. The stock has a 50 day moving average price of $6.88 and a two-hundred day moving average price of $7.13. The company has a quick ratio of 1.37, a current ratio of 1.78 and a debt-to-equity ratio of 2.01. Klabin has a 12 month low of $6.34 and a 12 month high of $10.23.

Klabin (OTCMKTS:KLBAY - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.11 by ($0.02). Klabin had a return on equity of 1.79% and a net margin of 1.26%.The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.02 billion. On average, equities research analysts expect that Klabin will post 0.25 earnings per share for the current year.

Klabin Company Profile

Klabin SA is a Brazilian integrated paper and pulp company that develops, manufactures and sells a range of forest products and packaging solutions. Founded by the Klabin family in 1899 and headquartered in São Paulo, the company's activities span forestry management, pulp and paper manufacturing, containerboard and corrugated packaging production, and recycling operations. Klabin supplies both industrial and consumer-oriented paper and packaging products, including kraftliner, corrugating medium, cartonboard and specialty papers used across multiple end markets.

As an integrated forest products company, Klabin manages planted timberlands and brings raw material through its own supply chain into pulping and papermaking facilities.

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