Klabin S.A. (OTCMKTS:KLBAY) Short Interest Up 100.0% in November

Klabin S.A. (OTCMKTS:KLBAY) was the target of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 200 shares, an increase of 100.0% from the October 31st total of 100 shares. Based on an average daily volume of 400 shares, the short-interest ratio is presently 0.5 days.

Klabin Stock Performance

Klabin stock remained flat at $7.02 during trading hours on Friday. 3 shares of the company’s stock traded hands, compared to its average volume of 273. The company has a debt-to-equity ratio of 2.89, a quick ratio of 2.39 and a current ratio of 2.85. The company has a market cap of $4.34 billion, a price-to-earnings ratio of 10.89, a P/E/G ratio of 2.66 and a beta of 1.13. The business’s 50-day simple moving average is $7.39 and its 200-day simple moving average is $7.61. Klabin has a 12 month low of $6.75 and a 12 month high of $9.33.

Klabin Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be paid a $0.0995 dividend. The ex-dividend date of this dividend is Friday, November 15th. Klabin’s dividend payout ratio (DPR) is currently 60.51%.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group raised shares of Klabin from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 30th.

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.