Short Interest in Klabin SA (OTCMKTS:KLBAY) Declines By 45.3%

Klabin SA (OTCMKTS:KLBAY) was the recipient of a large decline in short interest in August. As of August 14th, there was short interest totaling 12,755 shares, a decline of 45.3% from the July 30th total of 23,314 shares. Based on an average daily trading volume, of 5,173 shares, the short-interest ratio is currently 2.5 days. Approximately 0.0% of the company’s stock are sold short.

Analyst Ratings Changes

Separately, Zacks Research cut shares of Klabin from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 5th. One research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Klabin Stock Down 1.1%

OTCMKTS:KLBAY traded down $0.08 during trading hours on Tuesday, reaching $7.29. 283 shares of the company traded hands, compared to its average volume of 4,698. The company has a current ratio of 1.78, a quick ratio of 1.37 and a debt-to-equity ratio of 2.01. The business’s 50-day moving average price is $6.90 and its two-hundred day moving average price is $7.12. Klabin has a 1 year low of $6.34 and a 1 year high of $10.23. The stock has a market capitalization of $22.75 billion, a P/E ratio of 43.16, a P/E/G ratio of 1.90 and a beta of 0.65.

Klabin (OTCMKTS:KLBAY) last issued its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.02). The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.02 billion. Klabin had a net margin of 1.26% and a return on equity of 1.79%. Analysts predict that Klabin will post 0.25 earnings per share for the current year.

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.