Short Interest in Klabin S.A. (OTCMKTS:KLBAY) Decreases By 25.0%

Klabin S.A. (OTCMKTS:KLBAY) was the target of a significant decline in short interest during the month of August. As of August 31st, there was short interest totalling 300 shares, a decline of 25.0% from the August 15th total of 400 shares. Based on an average daily trading volume, of 2,300 shares, the days-to-cover ratio is presently 0.1 days.

Klabin Trading Down 6.7 %

OTCMKTS KLBAY traded down $0.52 on Tuesday, hitting $7.28. 743 shares of the company were exchanged, compared to its average volume of 5,617. The company has a market cap of $4.50 billion, a P/E ratio of 12.00 and a beta of 1.12. Klabin has a 1-year low of $6.75 and a 1-year high of $9.33. The firm has a 50 day moving average of $7.69 and a two-hundred day moving average of $8.03.

Klabin (OTCMKTS:KLBAY) last released its quarterly earnings results on Monday, July 29th. The basic materials company reported $0.08 EPS for the quarter. The company had revenue of $934.43 million for the quarter. Research analysts anticipate that Klabin will post 0.4 EPS for the current fiscal year.

Klabin Increases Dividend

The company also recently declared a dividend, which was paid on Monday, August 26th. Investors of record on Friday, August 9th were issued a $0.1199 dividend. This is a boost from Klabin’s previous dividend of $0.12. The ex-dividend date of this dividend was Friday, August 9th. Klabin’s dividend payout ratio (DPR) is currently 75.38%.

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.