Klabin S.A. (OTCMKTS:KLBAY) Short Interest Update

Klabin S.A. (OTCMKTS:KLBAY - Get Free Report) saw a significant drop in short interest in January. As of January 31st, there was short interest totalling 1,000 shares, a drop of 9.1% from the January 15th total of 1,100 shares. Based on an average daily trading volume, of 7,000 shares, the short-interest ratio is presently 0.1 days.

Klabin Price Performance

Shares of KLBAY traded up $0.33 during trading hours on Wednesday, reaching $7.66. 5,916 shares of the company traded hands, compared to its average volume of 2,238. The stock has a market capitalization of $23.67 billion, a PE ratio of 11.88, a price-to-earnings-growth ratio of 6.13 and a beta of 1.08. The stock has a fifty day simple moving average of $7.30 and a 200 day simple moving average of $7.42. Klabin has a fifty-two week low of $6.80 and a fifty-two week high of $9.33. The company has a quick ratio of 1.76, a current ratio of 2.30 and a debt-to-equity ratio of 2.92.

Klabin Cuts Dividend

The company also recently declared a dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, December 23rd will be issued a dividend of $0.0718 per share. The ex-dividend date of this dividend is Monday, December 23rd. Klabin's dividend payout ratio (DPR) is presently 37.24%.

Analyst Ratings Changes

Separately, The Goldman Sachs Group raised Klabin from a "strong sell" rating to a "hold" rating in a research note on Wednesday, October 30th.

About Klabin

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.