Clearwater Paper Co. (NYSE:CLW) Sees Significant Growth in Short Interest

Clearwater Paper Co. (NYSE:CLW - Get Free Report) saw a significant growth in short interest during the month of September. As of September 30th, there was short interest totalling 869,700 shares, a growth of 40.7% from the September 15th total of 618,300 shares. Approximately 5.4% of the shares of the company are sold short. Based on an average daily trading volume, of 288,800 shares, the short-interest ratio is presently 3.0 days.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CLW. Royal Bank of Canada raised their target price on shares of Clearwater Paper from $42.00 to $48.00 and gave the company a "sector perform" rating in a report on Wednesday, August 7th. StockNews.com cut shares of Clearwater Paper from a "buy" rating to a "hold" rating in a research report on Thursday, August 8th.

Institutional Trading of Clearwater Paper

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Diversified Trust Co acquired a new stake in shares of Clearwater Paper in the first quarter worth about $213,000. Allspring Global Investments Holdings LLC lifted its stake in Clearwater Paper by 780.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 109,134 shares of the basic materials company's stock valued at $4,772,000 after acquiring an additional 96,740 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Clearwater Paper by 141.7% during the first quarter. BNP Paribas Financial Markets now owns 47,056 shares of the basic materials company's stock worth $2,058,000 after acquiring an additional 27,585 shares during the period. Quantbot Technologies LP raised its holdings in Clearwater Paper by 153.4% in the 1st quarter. Quantbot Technologies LP now owns 15,561 shares of the basic materials company's stock valued at $680,000 after acquiring an additional 9,419 shares in the last quarter. Finally, Empowered Funds LLC raised its stake in Clearwater Paper by 8.0% during the first quarter. Empowered Funds LLC now owns 93,959 shares of the basic materials company's stock worth $4,109,000 after acquiring an additional 7,000 shares in the last quarter. 89.98% of the stock is owned by institutional investors and hedge funds.

Clearwater Paper Price Performance

NYSE:CLW traded up $0.64 during trading hours on Friday, reaching $27.76. 225,319 shares of the company traded hands, compared to its average volume of 211,506. The stock has a market cap of $462.98 million, a P/E ratio of 4.64 and a beta of 0.32. The firm's 50-day moving average is $31.22 and its 200-day moving average is $42.06. Clearwater Paper has a 1-year low of $25.50 and a 1-year high of $57.13. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.73 and a quick ratio of 0.74.

Clearwater Paper (NYSE:CLW - Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The basic materials company reported ($0.42) earnings per share for the quarter. Clearwater Paper had a net margin of 2.16% and a return on equity of 11.56%. The firm had revenue of $586.40 million during the quarter.

Clearwater Paper Company Profile

Clearwater Paper Corporation manufactures and supplies bleached paperboards, and consumer and parent roll tissues in the United States and internationally. It operates through Pulp and Paperboard, and Consumer Products segments. The Pulp and Paperboard segment manufactures and markets bleached paperboard; Solid Bleached Sulfate paperboard that is used to produce folding cartons, liquid packaging, cups and plates, blister and carded packaging, and top sheet and commercial printing items; and hardwood and softwood pulp, as well as offers services that include custom sheeting, slitting, and cutting.