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

Klabin S.A. (OTCMKTS:KLBAY) saw a significant growth in short interest in the month of 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 presently 2.0 days.

KLBAY 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 1 year low of $6.24 and a 1 year high of $12.08. The business’s 50-day moving average is $10.55. The company has a quick ratio of 2.58, a current ratio of 2.96 and a debt-to-equity ratio of 5.84. The firm 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 issued its quarterly earnings results on Tuesday, May 11th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter. Klabin had a positive return on equity of 8.14% and a negative net margin of 29.10%. The company had revenue of $634.21 million for the quarter.

A number of research firms recently issued reports on KLBAY. Scotiabank raised Klabin from a “sector perform” rating to an “outperform” rating in a report on Wednesday, March 17th. Morgan Stanley raised Klabin from an “equal weight” rating to an “overweight” rating in a report on Monday, March 22nd.

About Klabin

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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