Clearwater Paper Corporation (NYSE:CLW) Short Interest Update

Clearwater Paper Corporation (NYSE:CLW) was the target of a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 727,885 shares, an increase of 33.2% from the February 12th total of 546,309 shares. Based on an average daily trading volume, of 366,403 shares, the short-interest ratio is presently 2.0 days. Currently, 4.7% of the company’s shares are sold short. Currently, 4.7% of the company’s shares are sold short. Based on an average daily trading volume, of 366,403 shares, the short-interest ratio is presently 2.0 days.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. Royal Bank Of Canada decreased their price target on shares of Clearwater Paper from $25.00 to $23.00 and set an “outperform” rating for the company in a research report on Friday, February 20th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Clearwater Paper in a report on Monday, December 29th. TD Securities reduced their price objective on shares of Clearwater Paper from $25.00 to $20.00 and set a “buy” rating on the stock in a research note on Thursday, February 19th. Finally, Truist Financial decreased their price objective on Clearwater Paper from $21.00 to $16.00 and set a “hold” rating for the company in a report on Thursday, February 19th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Clearwater Paper presently has a consensus rating of “Hold” and an average price target of $22.25.

Hedge Funds Weigh In On Clearwater Paper

Several hedge funds and other institutional investors have recently bought and sold shares of CLW. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Clearwater Paper by 4.2% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,629 shares of the basic materials company’s stock worth $244,000 after acquiring an additional 390 shares during the period. Caxton Associates LLP bought a new position in shares of Clearwater Paper in the 1st quarter worth about $204,000. Empowered Funds LLC lifted its stake in shares of Clearwater Paper by 3.0% in the 1st quarter. Empowered Funds LLC now owns 115,315 shares of the basic materials company’s stock valued at $2,926,000 after purchasing an additional 3,368 shares during the period. Bailard Inc. bought a new stake in shares of Clearwater Paper during the 2nd quarter valued at about $251,000. Finally, Magnetar Financial LLC bought a new stake in shares of Clearwater Paper during the 2nd quarter valued at about $1,106,000. Institutional investors and hedge funds own 89.98% of the company’s stock.

Clearwater Paper Stock Performance

Shares of CLW stock opened at $13.18 on Tuesday. The stock has a market capitalization of $211.34 million, a PE ratio of -11.76 and a beta of 0.23. The business’s 50 day simple moving average is $16.90 and its 200 day simple moving average is $18.36. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.43 and a quick ratio of 1.13. Clearwater Paper has a one year low of $12.84 and a one year high of $30.96.

Clearwater Paper (NYSE:CLW) last released its quarterly earnings results on Wednesday, February 18th. The basic materials company reported ($0.42) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.50) by $0.08. Clearwater Paper had a negative net margin of 1.20% and a negative return on equity of 2.11%. The firm had revenue of $386.40 million during the quarter, compared to analyst estimates of $379.00 million.

Clearwater Paper Company Profile

Clearwater Paper Corporation is an independent manufacturer of premium tissue and pulp and paperboard products for private-label and commercial customers in North America. The company operates through two core segments: Consumer Products, which produces bathroom tissue, paper towels and other away-from-home tissue products under private-label contracts; and Pulp & Paperboard, which supplies bleached paperboard used in folding cartons, foodservice packaging and specialty paper applications.

The Consumer Products segment services retail grocers, warehouse clubs, online merchants and janitorial distributors, leveraging multiple converting facilities to produce roll and folded tissue items for both household and institutional use.