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

Klabin S.A. (OTCMKTS:KLBAYGet Rating) was the recipient of a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 3,300 shares, a growth of 135.7% from the February 13th total of 1,400 shares. Based on an average daily volume of 1,500 shares, the short-interest ratio is currently 2.2 days.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on KLBAY. JPMorgan Chase & Co. downgraded shares of Klabin from an “overweight” rating to a “neutral” rating in a report on Thursday, January 26th. Morgan Stanley downgraded shares of Klabin from an “overweight” rating to an “equal weight” rating in a report on Thursday, November 17th.

Klabin Price Performance

Shares of KLBAY stock opened at $7.69 on Friday. Klabin has a 12-month low of $6.52 and a 12-month high of $11.04. The firm has a 50-day moving average price of $7.65 and a 200 day moving average price of $7.69.

Klabin Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, March 6th. Shareholders of record on Monday, December 26th were paid a $0.0105 dividend. This represents a dividend yield of 7.43%. The ex-dividend date was Friday, December 23rd.

About Klabin

(Get Rating)

Klabin SA engages in the manufacture of paper and board for packaging, corrugated board packaging, and industrial bags. It operates through the following business segments: Forest, Pulp, Paper, and Conversion. The Forest segment involves the planting and forestry operations of pine and eucalyptus to supply the company’s pulp and paper mills and sale of wood (logs) to third parties in the domestic market.

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