Clearwater Paper Corp (NYSE:CLW) was the target of a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 630,600 shares, a growth of 11.0% from the January 15th total of 568,200 shares. Approximately 3.9% of the shares of the company are short sold. Based on an average daily volume of 145,000 shares, the days-to-cover ratio is presently 4.3 days.

CLW has been the topic of several recent analyst reports. ValuEngine raised Clearwater Paper from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 30th. Zacks Investment Research raised Clearwater Paper from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research note on Friday, January 31st. KeyCorp reaffirmed a “hold” rating on shares of Clearwater Paper in a research note on Wednesday. Finally, Royal Bank of Canada raised Clearwater Paper from an “underperform” rating to a “sector perform” rating and lifted their target price for the company from $15.00 to $20.00 in a research note on Tuesday, January 14th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $32.00.

Clearwater Paper stock traded up $0.09 during mid-day trading on Friday, hitting $27.18. 91,500 shares of the company’s stock traded hands, compared to its average volume of 155,274. The firm has a 50 day moving average price of $23.55 and a 200 day moving average price of $20.10. The company has a quick ratio of 0.62, a current ratio of 1.57 and a debt-to-equity ratio of 2.20. The company has a market cap of $470.54 million, a PE ratio of -2.29 and a beta of 2.03. Clearwater Paper has a one year low of $13.87 and a one year high of $35.27.

A number of institutional investors have recently made changes to their positions in the business. Bank of Montreal Can raised its stake in shares of Clearwater Paper by 31.2% in the 4th quarter. Bank of Montreal Can now owns 2,351 shares of the basic materials company’s stock worth $50,000 after buying an additional 559 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Clearwater Paper by 10.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 5,449 shares of the basic materials company’s stock worth $115,000 after buying an additional 532 shares in the last quarter. State of Tennessee Treasury Department raised its stake in shares of Clearwater Paper by 8.5% in the 3rd quarter. State of Tennessee Treasury Department now owns 7,426 shares of the basic materials company’s stock worth $157,000 after buying an additional 584 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Clearwater Paper by 7.0% in the 4th quarter. Victory Capital Management Inc. now owns 8,072 shares of the basic materials company’s stock worth $172,000 after buying an additional 526 shares in the last quarter. Finally, United Services Automobile Association bought a new stake in shares of Clearwater Paper in the 2nd quarter worth $200,000. 82.90% of the stock is currently owned by hedge funds and other institutional investors.

Clearwater Paper Company Profile

Clearwater Paper Corporation produces and sells produces and sells private label tissue and bleached paperboard products in the United States and internationally. It operates in two segments, Consumer Products, and Pulp and Paperboard. The Consumer Products segment manufactures and sells a line of at-home tissue products, including bathroom tissues, paper towels, facial tissues, and napkins; recycled fiber value grade products; and away-from-home products, such as conventional one- and two-ply bath tissues, two-ply paper towels, hard wound towels, and dispenser napkins.

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