Klabin SA (OTCMKTS:KLBAY) Short Interest Down 75.5% in December

Klabin SA (OTCMKTS:KLBAY) was the recipient of a large decrease in short interest in the month of December. As of December 15th, there was short interest totaling 36,286 shares, a decrease of 75.5% from the November 30th total of 148,339 shares. Based on an average daily volume of 116,947 shares, the short-interest ratio is currently 0.3 days. Currently, 0.0% of the company’s stock are short sold. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 116,947 shares, the short-interest ratio is currently 0.3 days.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group raised Klabin to a “strong-buy” rating in a research report on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Klabin has a consensus rating of “Buy”.

Klabin Stock Down 11.3%

Shares of Klabin stock traded down $0.87 during trading hours on Friday, hitting $6.81. 6,473 shares of the company’s stock traded hands, compared to its average volume of 9,570. Klabin has a twelve month low of $5.51 and a twelve month high of $10.23. The company has a market cap of $21.25 billion, a PE ratio of 13.76, a PEG ratio of 1.69 and a beta of 0.88. The company has a quick ratio of 1.67, a current ratio of 2.12 and a debt-to-equity ratio of 2.32. The stock has a 50 day simple moving average of $6.96 and a 200-day simple moving average of $6.93.

Klabin (OTCMKTS:KLBAY) last issued its quarterly earnings results on Tuesday, November 4th. The basic materials company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.11). Klabin had a net margin of 7.93% and a return on equity of 14.04%. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $976.55 million. Equities research analysts anticipate that Klabin will post 0.02 earnings per share for the current fiscal year.

About Klabin

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.