Clearwater Paper Co. (NYSE:CLW) Short Interest Update

Clearwater Paper Co. (NYSE:CLW - Get Free Report) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totalling 1,090,000 shares, a growth of 25.3% from the September 30th total of 869,700 shares. Approximately 6.8% of the shares of the company are short sold. Based on an average daily trading volume, of 299,100 shares, the days-to-cover ratio is presently 3.6 days.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on CLW shares. Royal Bank of Canada upgraded shares of Clearwater Paper from a "sector perform" rating to an "outperform" rating and reduced their price objective for the stock from $48.00 to $37.00 in a research report on Friday, October 18th. StockNews.com downgraded Clearwater Paper from a "buy" rating to a "hold" rating in a report on Thursday, August 8th.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CLW. nVerses Capital LLC bought a new stake in shares of Clearwater Paper in the 3rd quarter worth approximately $74,000. BOS Asset Management LLC lifted its holdings in shares of Clearwater Paper by 40.0% in the third quarter. BOS Asset Management LLC now owns 18,609 shares of the basic materials company's stock valued at $531,000 after buying an additional 5,315 shares during the period. Wedge Capital Management L L P NC grew its stake in shares of Clearwater Paper by 33.6% in the 3rd quarter. Wedge Capital Management L L P NC now owns 122,991 shares of the basic materials company's stock worth $3,510,000 after purchasing an additional 30,921 shares during the last quarter. Exchange Traded Concepts LLC lifted its position in shares of Clearwater Paper by 91.2% during the 3rd quarter. Exchange Traded Concepts LLC now owns 56,022 shares of the basic materials company's stock valued at $1,599,000 after acquiring an additional 26,723 shares during the last quarter. Finally, Inspire Investing LLC acquired a new stake in Clearwater Paper during the 3rd quarter worth about $414,000. 89.98% of the stock is currently owned by institutional investors.

Clearwater Paper Stock Performance

Shares of Clearwater Paper stock traded down $0.21 during trading hours on Wednesday, hitting $26.32. 706,361 shares of the company were exchanged, compared to its average volume of 214,000. The company has a current ratio of 1.73, a quick ratio of 0.74 and a debt-to-equity ratio of 1.73. Clearwater Paper has a 1 year low of $25.50 and a 1 year high of $57.13. The stock has a market capitalization of $437.70 million, a price-to-earnings ratio of 9.63 and a beta of 0.32. The business has a 50-day moving average of $29.34 and a 200-day moving average of $40.85.

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

About Clearwater Paper

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.