Klabin S.A. (OTCMKTS:KLBAY) Short Interest Up 100.0% in November

Klabin S.A. (OTCMKTS:KLBAY) saw a large growth in short interest in November. As of November 15th, there was short interest totalling 200 shares, a growth of 100.0% from the October 31st total of 100 shares. Based on an average daily volume of 400 shares, the short-interest ratio is currently 0.5 days.

Analysts Set New Price Targets

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

Klabin Stock Performance

Shares of OTCMKTS KLBAY remained flat at $7.02 during mid-day trading on Friday. The company had a trading volume of 3 shares, compared to its average volume of 273. The stock has a market cap of $4.34 billion, a price-to-earnings ratio of 10.89, a PEG ratio of 2.66 and a beta of 1.13. The company has a debt-to-equity ratio of 2.89, a quick ratio of 2.39 and a current ratio of 2.85. The stock’s fifty day moving average price is $7.39 and its 200 day moving average price is $7.61. Klabin has a 52-week low of $6.75 and a 52-week high of $9.33.

Klabin Cuts Dividend

The company also recently announced a dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be given a $0.0995 dividend. The ex-dividend date is Friday, November 15th. Klabin’s dividend payout ratio is currently 60.51%.

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.