Short Interest in Klabin SA (OTCMKTS:KLBAY) Rises By 88.4%

Klabin SA (OTCMKTS:KLBAY) saw a significant increase in short interest during the month of May. As of May 29th, there was short interest totaling 29,127 shares, an increase of 88.4% from the May 14th total of 15,457 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 8,163 shares, the days-to-cover ratio is currently 3.6 days.

Klabin Trading Up 0.2%

Shares of KLBAY stock traded up $0.02 on Monday, reaching $6.80. 2,547 shares of the stock were exchanged, compared to its average volume of 6,154. The stock has a market cap of $21.21 billion, a PE ratio of 27.49, a P/E/G ratio of 0.92 and a beta of 0.66. Klabin has a one year low of $5.98 and a one year high of $10.23. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.78 and a quick ratio of 1.37. The stock has a 50 day moving average price of $7.02 and a 200 day moving average price of $7.24.

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.