Klabin S.A. (OTCMKTS:KLBAY) Short Interest Update

Klabin S.A. (OTCMKTS:KLBAY) was the recipient of a large growth in short interest in May. As of May 28th, there was short interest totalling 54,600 shares, a growth of 3,800.0% from the May 13th total of 1,400 shares. Based on an average daily volume of 27,900 shares, the short-interest ratio is currently 2.0 days.

A number of brokerages have recently weighed in on KLBAY. Scotiabank upgraded Klabin from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, March 17th. Morgan Stanley upgraded Klabin from an “equal weight” rating to an “overweight” rating in a research note on Monday, March 22nd.

Klabin stock remained flat at $$10.20 during trading on Friday. The company had a trading volume of 35 shares, compared to its average volume of 13,584. Klabin has a fifty-two week low of $6.24 and a fifty-two week high of $12.08. The company has a debt-to-equity ratio of 5.84, a quick ratio of 2.58 and a current ratio of 2.96. The company has a 50-day simple moving average of $10.55. The company has a market capitalization of $5.38 billion, a price-to-earnings ratio of 53.79 and a beta of 1.21.

Klabin (OTCMKTS:KLBAY) last posted its quarterly earnings data on Tuesday, May 11th. The basic materials company reported $0.12 EPS for the quarter. Klabin had a positive return on equity of 8.14% and a negative net margin of 29.10%. The business had revenue of $634.21 million for the quarter.

Klabin Company Profile

Klabin SA, together with its subsidiaries, operates in the paper and pulp industry in Brazil and internationally. It operates through Forestry, Paper, Conversion, and Pulp segments. The Forestry segment engages in the planting and forestry operations of pine and eucalyptus; and sale of wood logs. The Paper segment produces and sells reels of cardboard, kraftliner, and recycled paper.

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