Short Interest in Klabin SA (OTCMKTS:KLBAY) Declines By 38.4%

Key Points

• Klabin SA experienced a significant decline in short interest, dropping by 38.4% in September, with current short interest at 4,500 shares.
• The company recently declared a dividend of $0.0911, marking a substantial increase from its previous dividend of $0.01, resulting in a dividend yield of 490.0%.
• Analysts at Jefferies Financial Group upgraded Klabin to a "strong-buy" rating, contributing to an average rating of "Moderate Buy" from Wall Street analysts.

Klabin SA (OTCMKTS:KLBAY - Get Free Report) was the recipient of a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 4,500 shares, a decrease of 38.4% from the August 31st total of 7,300 shares. Based on an average daily volume of 4,400 shares, the days-to-cover ratio is presently 1.0 days. Based on an average daily volume of 4,400 shares, the days-to-cover ratio is presently 1.0 days.

Klabin Stock Performance

Klabin stock remained flat at $6.74 during mid-day trading on Friday. The company has a market capitalization of $20.81 billion, a P/E ratio of 11.23, a P/E/G ratio of 0.51 and a beta of 0.85. The firm's fifty day simple moving average is $6.97 and its 200 day simple moving average is $6.77. Klabin has a 1-year low of $5.57 and a 1-year high of $9.19. The company has a debt-to-equity ratio of 2.56, a quick ratio of 1.59 and a current ratio of 2.11.

Klabin (OTCMKTS:KLBAY - Get Free Report) last announced its earnings results on Tuesday, August 5th. The basic materials company reported $0.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.16 by $0.01. The business had revenue of $913.44 million during the quarter, compared to analysts' expectations of $5.48 billion. Klabin had a net margin of 9.90% and a return on equity of 18.24%. Equities analysts predict that Klabin will post 0.02 EPS for the current fiscal year.

Klabin Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, August 29th. Investors of record on Monday, August 18th were issued a $0.0911 dividend. This is a positive change from Klabin's previous dividend of $0.01. This represents a dividend yield of 490.0%. The ex-dividend date of this dividend was Friday, August 15th. Klabin's dividend payout ratio (DPR) is presently 60.00%.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group raised Klabin to a "strong-buy" rating in a research report on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy".

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.

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