Short Interest in Klabin S.A. (OTCMKTS:KLBAY) Expands By 600.0%

Klabin S.A. (OTCMKTS:KLBAY) saw a significant increase in short interest in December. As of December 15th, there was short interest totalling 700 shares, an increase of 600.0% from the November 30th total of 100 shares. Based on an average trading volume of 15,200 shares, the short-interest ratio is currently 0.0 days.

Klabin Stock Performance

Shares of KLBAY stock remained flat at $7.13 on Thursday. The company had a trading volume of 88 shares, compared to its average volume of 5,156. The company has a quick ratio of 2.39, a current ratio of 2.85 and a debt-to-equity ratio of 2.89. The business has a 50 day moving average of $7.36 and a two-hundred day moving average of $7.53. Klabin has a 52-week low of $6.75 and a 52-week high of $9.33. The company has a market cap of $4.41 billion, a PE ratio of 11.06, a PEG ratio of 15.25 and a beta of 1.10.

Klabin Cuts Dividend

The business also recently announced a dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, December 23rd will be given a dividend of $0.0718 per share. The ex-dividend date is Monday, December 23rd. Klabin’s dividend payout ratio (DPR) is presently 37.50%.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group upgraded shares of Klabin from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 30th.

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.