Short Interest in Klabin SA (OTCMKTS:KLBAY) Decreases By 44.9%

Klabin SA (OTCMKTS:KLBAY) was the target of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 16,041 shares, a drop of 44.9% from the May 31st total of 29,127 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 14,019 shares, the short-interest ratio is presently 1.1 days.

Klabin Stock Performance

OTCMKTS:KLBAY remained flat at $6.54 during trading hours on Wednesday. The company had a trading volume of 1,897 shares, compared to its average volume of 6,128. The stock has a market cap of $20.42 billion, a price-to-earnings ratio of 26.46, a P/E/G ratio of 1.92 and a beta of 0.65. Klabin has a 52-week low of $5.98 and a 52-week high of $10.23. The company has a debt-to-equity ratio of 2.01, a quick ratio of 1.37 and a current ratio of 1.78. The stock has a fifty day moving average price of $6.82 and a two-hundred day moving average price of $7.22.

Klabin Company Profile

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.