Klabin SA (OTCMKTS:KLBAY) Sees Large Decrease in Short Interest

Klabin SA (OTCMKTS:KLBAY) was the target of a significant decline in short interest in June. As of June 15th, there was short interest totaling 16,041 shares, a decline of 44.9% from the May 31st total of 29,127 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 14,019 shares, the short-interest ratio is presently 1.1 days.

Klabin Trading Down 2.3%

OTCMKTS KLBAY opened at $6.44 on Friday. The stock has a market capitalization of $20.10 billion, a P/E ratio of 26.05, a P/E/G ratio of 1.93 and a beta of 0.65. Klabin has a 52-week low of $5.98 and a 52-week high of $10.23. The firm has a 50-day moving average price of $6.78 and a 200 day moving average price of $7.22. The company has a quick ratio of 1.37, a current ratio of 1.78 and a debt-to-equity ratio of 2.01.

About Klabin

Klabin SA is a Brazilian integrated paper and pulp company that develops, manufactures and sells a range of forest products and packaging solutions. Founded by the Klabin family in 1899 and headquartered in São Paulo, the company’s activities span forestry management, pulp and paper manufacturing, containerboard and corrugated packaging production, and recycling operations. Klabin supplies both industrial and consumer-oriented paper and packaging products, including kraftliner, corrugating medium, cartonboard and specialty papers used across multiple end markets.

As an integrated forest products company, Klabin manages planted timberlands and brings raw material through its own supply chain into pulping and papermaking facilities.