Klabin S.A. (OTCMKTS:KLBAY) Short Interest Up 1,110.0% in February

Klabin S.A. (OTCMKTS:KLBAY) was the target of a significant growth in short interest in February. As of February 15th, there was short interest totalling 12,100 shares, a growth of 1,110.0% from the January 31st total of 1,000 shares. Based on an average daily trading volume, of 2,000 shares, the days-to-cover ratio is presently 6.1 days.

Klabin Stock Performance

OTCMKTS:KLBAY opened at $7.55 on Friday. The stock’s 50-day simple moving average is $7.26 and its 200 day simple moving average is $7.43. The firm has a market capitalization of $23.32 billion, a PE ratio of 11.71, a price-to-earnings-growth ratio of 6.41 and a beta of 1.08. The company has a quick ratio of 1.76, a current ratio of 2.30 and a debt-to-equity ratio of 2.92. Klabin has a twelve month low of $6.80 and a twelve month high of $9.33.

Klabin Cuts Dividend

The company also recently declared a dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be paid a dividend of $0.0718 per share. The ex-dividend date of this dividend is Monday, March 10th. Klabin’s payout ratio is 37.50%.

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.