Short Interest in Klabin S.A. (OTCMKTS:KLBAY) Decreases By 95.0%

Klabin S.A. (OTCMKTS:KLBAY) was the target of a large decrease in short interest in February. As of February 28th, there was short interest totalling 600 shares, a decrease of 95.0% from the February 13th total of 12,100 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 1,700 shares, the days-to-cover ratio is presently 0.4 days.

Klabin Stock Down 2.0 %

Shares of Klabin stock traded down $0.13 during trading on Wednesday, hitting $6.49. 250 shares of the stock traded hands, compared to its average volume of 3,783. Klabin has a 52-week low of $6.49 and a 52-week high of $9.33. The company has a current ratio of 2.30, a quick ratio of 1.76 and a debt-to-equity ratio of 2.92. The firm has a market cap of $20.05 billion, a P/E ratio of 10.07, a price-to-earnings-growth ratio of 6.41 and a beta of 1.04. The stock’s fifty day simple moving average is $7.28 and its 200 day simple moving average is $7.41.

Klabin Cuts Dividend

The business also recently announced a dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be issued a dividend of $0.0718 per share. The ex-dividend date is Monday, March 10th. Klabin’s dividend payout ratio is currently 10.91%.

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.