Clearwater Paper Co. (NYSE:CLW) Short Interest Update

Clearwater Paper Co. (NYSE:CLW) was the target of a large increase in short interest in the month of March. As of March 15th, there was short interest totalling 298,100 shares, an increase of 108.8% from the February 29th total of 142,800 shares. Based on an average daily trading volume, of 189,300 shares, the days-to-cover ratio is currently 1.6 days. Approximately 1.9% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Clearwater Paper from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 22nd.

Clearwater Paper Price Performance

Shares of Clearwater Paper stock traded down $0.22 on Thursday, hitting $43.72. The company’s stock had a trading volume of 147,027 shares, compared to its average volume of 199,582. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.85 and a current ratio of 1.97. Clearwater Paper has a 1 year low of $29.22 and a 1 year high of $44.21. The firm has a fifty day moving average price of $37.03 and a 200-day moving average price of $36.24. The company has a market capitalization of $724.00 million, a price-to-earnings ratio of 6.88 and a beta of 0.50.

Clearwater Paper (NYSE:CLW) last issued its earnings results on Tuesday, February 20th. The basic materials company reported $1.35 earnings per share for the quarter. The business had revenue of $512.80 million for the quarter. Clearwater Paper had a return on equity of 18.13% and a net margin of 5.17%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CLW. Wasatch Advisors LP acquired a new position in Clearwater Paper during the fourth quarter worth $9,909,000. Millennium Management LLC increased its position in shares of Clearwater Paper by 86.4% during the second quarter. Millennium Management LLC now owns 398,762 shares of the basic materials company’s stock worth $13,410,000 after acquiring an additional 184,832 shares during the period. Grizzlyrock Capital LLC purchased a new stake in shares of Clearwater Paper during the fourth quarter worth $4,585,000. CX Institutional purchased a new stake in shares of Clearwater Paper during the third quarter worth $3,728,000. Finally, Vanguard Group Inc. increased its position in shares of Clearwater Paper by 7.1% during the fourth quarter. Vanguard Group Inc. now owns 1,201,708 shares of the basic materials company’s stock worth $43,406,000 after acquiring an additional 79,972 shares during the period. 89.98% of the stock is currently owned by institutional investors and hedge funds.

Clearwater Paper Company Profile

Clearwater Paper Corporation manufactures and supplies bleached paperboards, and consumer and parent roll tissues in the United States and internationally. It operates through Pulp and Paperboard, and Consumer Products segments. The Pulp and Paperboard segment manufactures and markets bleached paperboard; Solid Bleached Sulfate paperboard that is used to produce folding cartons, liquid packaging, cups and plates, blister and carded packaging, and top sheet and commercial printing items; and hardwood and softwood pulp, as well as offers services that include custom sheeting, slitting, and cutting.