Klabin S.A. (OTCMKTS:KLBAY) Sees Significant Growth in Short Interest

Klabin S.A. (OTCMKTS:KLBAY - Get Free Report) was the target of a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 12,100 shares, an increase of 1,110.0% from the January 31st total of 1,000 shares. Based on an average daily volume of 2,000 shares, the days-to-cover ratio is presently 6.1 days.

Klabin Stock Up 4.2 %

KLBAY traded up $0.31 on Monday, reaching $7.55. 231 shares of the company traded hands, compared to its average volume of 3,868. Klabin has a 52-week low of $6.80 and a 52-week high of $9.33. The company has a debt-to-equity ratio of 2.92, a current ratio of 2.30 and a quick ratio of 1.76. The company has a market cap of $23.32 billion, a price-to-earnings ratio of 11.71, a PEG ratio of 6.41 and a beta of 1.08. The stock's 50 day moving average price is $7.27 and its 200-day moving average price is $7.43.

Klabin Cuts Dividend

The business also recently declared a dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be paid a $0.0718 dividend. The ex-dividend date of this dividend is Monday, March 10th. Klabin's dividend payout ratio (DPR) is presently 10.91%.

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.