Klabin SA (OTCMKTS:KLBAY) Short Interest Update

Klabin SA (OTCMKTS:KLBAY) was the recipient of a large decrease in short interest during the month of December. As of December 15th, there was short interest totaling 36,286 shares, a decrease of 75.5% from the November 30th total of 148,339 shares. Based on an average trading volume of 116,947 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 116,947 shares, the days-to-cover ratio is currently 0.3 days.

Klabin Price Performance

Shares of KLBAY traded up $0.94 during midday trading on Thursday, hitting $7.68. The company’s stock had a trading volume of 450 shares, compared to its average volume of 43,349. The company has a quick ratio of 1.67, a current ratio of 2.12 and a debt-to-equity ratio of 2.32. Klabin has a one year low of $5.51 and a one year high of $10.23. The stock has a market capitalization of $23.97 billion, a price-to-earnings ratio of 15.51, a price-to-earnings-growth ratio of 1.48 and a beta of 0.88. The company’s fifty day simple moving average is $6.94 and its two-hundred day simple moving average is $6.92.

Klabin (OTCMKTS:KLBAY) last posted its earnings results on Tuesday, November 4th. The basic materials company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.11). The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $976.55 million. Klabin had a return on equity of 14.04% and a net margin of 7.93%. As a group, equities analysts expect that Klabin will post 0.02 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group raised shares of Klabin to a “strong-buy” rating in a research note on Thursday, September 25th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy”.

About Klabin

Klabin SA is a Brazilian integrated paper and pulp company that develops, manufactures and sells a range of forest products and packaging solutions. Founded by the Klabin family in 1899 and headquartered in São Paulo, the company’s activities span forestry management, pulp and paper manufacturing, containerboard and corrugated packaging production, and recycling operations. Klabin supplies both industrial and consumer-oriented paper and packaging products, including kraftliner, corrugating medium, cartonboard and specialty papers used across multiple end markets.

As an integrated forest products company, Klabin manages planted timberlands and brings raw material through its own supply chain into pulping and papermaking facilities.