Short Interest in Klabin S.A. (OTCMKTS:KLBAY) Grows By 1,000.0%

Klabin S.A. (OTCMKTS:KLBAY) was the target of a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 2,200 shares, a growth of 1,000.0% from the March 15th total of 200 shares. Based on an average trading volume of 11,400 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the company’s shares are short sold.

Klabin Stock Up 9.5 %

KLBAY traded up $0.53 during trading hours on Monday, hitting $6.12. 797 shares of the company’s stock were exchanged, compared to its average volume of 4,341. The firm has a market cap of $18.91 billion, a P/E ratio of 9.50, a price-to-earnings-growth ratio of 6.41 and a beta of 0.95. Klabin has a 12-month low of $5.57 and a 12-month high of $9.19. The company has a current ratio of 2.30, a quick ratio of 1.76 and a debt-to-equity ratio of 2.92. The firm has a 50 day moving average of $6.94 and a 200 day moving average of $7.20.

Klabin Cuts Dividend

The business also recently disclosed a dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were paid a $0.0718 dividend. The ex-dividend date was Monday, March 10th. Klabin’s payout ratio is currently 10.91%.

Analyst Ratings Changes

Separately, UBS Group raised shares of Klabin to a “hold” rating in a research report on Thursday.

Klabin Company Profile

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.