Short Interest in Klabin S.A. (OTCMKTS:KLBAY) Rises By 450.0%

Klabin S.A. (OTCMKTS:KLBAY) was the recipient of a large growth in short interest in June. As of June 15th, there was short interest totalling 1,100 shares, a growth of 450.0% from the May 31st total of 200 shares. Based on an average trading volume of 1,200 shares, the days-to-cover ratio is currently 0.9 days.

Klabin Stock Performance

OTCMKTS:KLBAY opened at $7.75 on Friday. The firm has a 50-day moving average price of $8.00 and a two-hundred day moving average price of $8.18. Klabin has a twelve month low of $6.75 and a twelve month high of $9.33. The company has a market capitalization of $4.79 billion, a P/E ratio of 11.84, a price-to-earnings-growth ratio of 1.37 and a beta of 1.13.

Klabin (OTCMKTS:KLBAY) last released its quarterly earnings results on Friday, April 26th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter. The firm had revenue of $894.74 million for the quarter. On average, equities research analysts predict that Klabin will post 0.43 earnings per share for the current year.

Klabin Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, May 28th. Shareholders of record on Tuesday, May 7th were paid a dividend of $0.1157 per share. This is a boost from Klabin’s previous dividend of $0.01. This represents a dividend yield of 4.79%. The ex-dividend date of this dividend was Monday, May 6th. Klabin’s dividend payout ratio (DPR) is currently 71.81%.

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.