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

Klabin S.A. (OTCMKTS:KLBAY - Get Free Report) was the target of a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 600 shares, a decline of 95.0% from the February 13th total of 12,100 shares. Based on an average daily volume of 1,700 shares, the short-interest ratio is currently 0.4 days. Approximately 0.0% of the company's shares are short sold.

Klabin Trading Up 2.4 %

Klabin stock traded up $0.17 during trading hours on Friday, reaching $6.90. The company had a trading volume of 10,954 shares, compared to its average volume of 3,951. 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 50-day moving average price of $7.26 and a 200 day moving average price of $7.39. The firm has a market cap of $21.32 billion, a price-to-earnings ratio of 10.71, a P/E/G ratio of 6.41 and a beta of 1.04. Klabin has a 12-month low of $6.05 and a 12-month high of $9.33.

Klabin Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be paid a dividend of $0.0718 per share. 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.