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

Clearwater Paper Co. (NYSE:CLW) saw a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 482,400 shares, a drop of 9.0% from the March 31st total of 530,300 shares. Currently, 3.0% of the company’s shares are short sold. Based on an average daily volume of 193,700 shares, the days-to-cover ratio is presently 2.5 days.

Clearwater Paper Stock Up 1.1 %

Shares of CLW stock traded up $0.46 during trading hours on Monday, reaching $40.69. The company had a trading volume of 196,529 shares, compared to its average volume of 179,624. The company has a market capitalization of $673.83 million, a P/E ratio of 6.40 and a beta of 0.52. 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 twelve month low of $29.22 and a twelve month high of $44.21. The stock’s fifty day simple moving average is $40.45 and its 200 day simple moving average is $37.05.

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

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Clearwater Paper from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 22nd.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Invesco Ltd. boosted its stake in Clearwater Paper by 2.8% during the 3rd quarter. Invesco Ltd. now owns 420,359 shares of the basic materials company’s stock valued at $15,238,000 after acquiring an additional 11,293 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Clearwater Paper by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 325,904 shares of the basic materials company’s stock worth $11,772,000 after purchasing an additional 4,185 shares during the last quarter. American Century Companies Inc. grew its stake in Clearwater Paper by 8.9% in the third quarter. American Century Companies Inc. now owns 284,146 shares of the basic materials company’s stock worth $10,300,000 after purchasing an additional 23,231 shares in the last quarter. Wasatch Advisors LP bought a new stake in Clearwater Paper in the fourth quarter valued at about $9,909,000. Finally, Assenagon Asset Management S.A. raised its stake in Clearwater Paper by 31.5% during the first quarter. Assenagon Asset Management S.A. now owns 177,048 shares of the basic materials company’s stock valued at $7,742,000 after buying an additional 42,365 shares in the last quarter. Institutional investors and hedge funds own 89.98% of the company’s stock.

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.