Clearwater Paper Corporation (NYSE:CLW) Short Interest Update

Clearwater Paper Corporation (NYSE:CLW) saw a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 727,885 shares, an increase of 33.2% from the February 12th total of 546,309 shares. Currently, 4.7% of the company’s shares are sold short. Based on an average trading volume of 366,403 shares, the days-to-cover ratio is presently 2.0 days. Based on an average trading volume of 366,403 shares, the days-to-cover ratio is presently 2.0 days. Currently, 4.7% of the company’s shares are sold short.

Clearwater Paper Trading Up 0.5%

NYSE CLW traded up $0.07 during trading on Monday, hitting $13.18. The stock had a trading volume of 308,754 shares, compared to its average volume of 240,958. The company has a quick ratio of 1.13, a current ratio of 2.43 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $211.34 million, a PE ratio of -11.76 and a beta of 0.23. The firm has a 50 day moving average price of $17.00 and a 200 day moving average price of $18.42. Clearwater Paper has a twelve month low of $12.84 and a twelve month high of $30.96.

Clearwater Paper (NYSE:CLW) last issued its quarterly earnings results on Wednesday, February 18th. The basic materials company reported ($0.42) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.50) by $0.08. The business had revenue of $386.40 million for the quarter, compared to analysts’ expectations of $379.00 million. Clearwater Paper had a negative net margin of 1.20% and a negative return on equity of 2.11%.

Analyst Upgrades and Downgrades

CLW has been the topic of several recent analyst reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Clearwater Paper in a research note on Monday, December 29th. Royal Bank Of Canada cut their price objective on Clearwater Paper from $25.00 to $23.00 and set an “outperform” rating for the company in a research report on Friday, February 20th. TD Securities reduced their price objective on shares of Clearwater Paper from $25.00 to $20.00 and set a “buy” rating on the stock in a report on Thursday, February 19th. Finally, Truist Financial decreased their target price on shares of Clearwater Paper from $21.00 to $16.00 and set a “hold” rating on the stock in a research report on Thursday, February 19th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $22.25.

Hedge Funds Weigh In On Clearwater Paper

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Clearwater Paper by 4.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,629 shares of the basic materials company’s stock worth $244,000 after acquiring an additional 390 shares during the period. Tower Research Capital LLC TRC boosted its holdings in Clearwater Paper by 34.7% in the second quarter. Tower Research Capital LLC TRC now owns 2,185 shares of the basic materials company’s stock valued at $60,000 after purchasing an additional 563 shares during the period. Verition Fund Management LLC grew its stake in Clearwater Paper by 4.1% during the 4th quarter. Verition Fund Management LLC now owns 15,900 shares of the basic materials company’s stock worth $277,000 after purchasing an additional 631 shares in the last quarter. Deutsche Bank AG grew its stake in Clearwater Paper by 7.0% during the 4th quarter. Deutsche Bank AG now owns 12,319 shares of the basic materials company’s stock worth $214,000 after purchasing an additional 802 shares in the last quarter. Finally, GSA Capital Partners LLP increased its holdings in Clearwater Paper by 2.8% during the 3rd quarter. GSA Capital Partners LLP now owns 34,571 shares of the basic materials company’s stock worth $718,000 after purchasing an additional 949 shares during the period. Hedge funds and other institutional investors own 89.98% of the company’s stock.

Clearwater Paper Company Profile

Clearwater Paper Corporation is an independent manufacturer of premium tissue and pulp and paperboard products for private-label and commercial customers in North America. The company operates through two core segments: Consumer Products, which produces bathroom tissue, paper towels and other away-from-home tissue products under private-label contracts; and Pulp & Paperboard, which supplies bleached paperboard used in folding cartons, foodservice packaging and specialty paper applications.

The Consumer Products segment services retail grocers, warehouse clubs, online merchants and janitorial distributors, leveraging multiple converting facilities to produce roll and folded tissue items for both household and institutional use.