Klabin SA (OTCMKTS:KLBAY) Sees Large Drop in Short Interest

Klabin SA (OTCMKTS:KLBAY) was the recipient of a significant decrease in short interest in August. As of August 14th, there was short interest totaling 12,755 shares, a decrease of 45.3% from the July 30th total of 23,314 shares. Based on an average daily volume of 5,173 shares, the short-interest ratio is currently 2.5 days. Currently, 0.0% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Separately, Zacks Research cut shares of Klabin from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold”.

Klabin Stock Performance

Shares of OTCMKTS:KLBAY traded up $0.07 on Friday, reaching $7.26. 7,102 shares of the company’s stock were exchanged, compared to its average volume of 4,921. The company has a current ratio of 1.78, a quick ratio of 1.37 and a debt-to-equity ratio of 2.01. Klabin has a twelve month low of $6.34 and a twelve month high of $10.23. The company has a market capitalization of $22.65 billion, a price-to-earnings ratio of 42.97, a PEG ratio of 1.90 and a beta of 0.65. The company has a fifty day moving average of $6.88 and a 200-day moving average of $7.13.

Klabin (OTCMKTS:KLBAY) last announced its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.02). The business had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.02 billion. Klabin had a return on equity of 1.79% and a net margin of 1.26%. On average, research analysts predict that Klabin will post 0.25 EPS for the current fiscal year.

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.