Klabin SA (OTCMKTS:KLBAY) Sees Significant Decrease in Short Interest

Klabin SA (OTCMKTS:KLBAY) saw a significant decrease in short interest in June. As of June 15th, there was short interest totaling 16,041 shares, a decrease of 44.9% from the May 31st total of 29,127 shares. Based on an average daily volume of 14,019 shares, the short-interest ratio is presently 1.1 days. Approximately 0.0% of the company’s shares are sold short.

Klabin Trading Down 2.3%

OTCMKTS:KLBAY traded down $0.15 on Thursday, reaching $6.44. 394 shares of the company’s stock were exchanged, compared to its average volume of 5,021. The firm has a market capitalization of $20.10 billion, a price-to-earnings ratio of 26.05, a price-to-earnings-growth ratio of 1.91 and a beta of 0.65. Klabin has a 52-week low of $5.98 and a 52-week high of $10.23. The company has a quick ratio of 1.37, a current ratio of 1.78 and a debt-to-equity ratio of 2.01. The business has a fifty day moving average of $6.80 and a 200-day moving average of $7.22.

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.