Clearwater Paper Co. (NYSE:CLW) Short Interest Up 13.4% in September

Clearwater Paper Co. (NYSE:CLW) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totalling 618,300 shares, a growth of 13.4% from the August 31st total of 545,100 shares. Based on an average trading volume of 269,500 shares, the days-to-cover ratio is presently 2.3 days. Currently, 3.9% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CLW shares. StockNews.com lowered Clearwater Paper from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th. Royal Bank of Canada increased their price objective on Clearwater Paper from $42.00 to $48.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 7th.

Institutional Trading of Clearwater Paper

Large investors have recently added to or reduced their stakes in the stock. Innealta Capital LLC bought a new stake in shares of Clearwater Paper during the 2nd quarter valued at about $52,000. GAMMA Investing LLC raised its stake in Clearwater Paper by 30.3% in the second quarter. GAMMA Investing LLC now owns 1,096 shares of the basic materials company’s stock worth $53,000 after buying an additional 255 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Clearwater Paper in the first quarter worth about $132,000. DekaBank Deutsche Girozentrale purchased a new position in shares of Clearwater Paper during the 2nd quarter worth approximately $153,000. Finally, Caxton Associates LP purchased a new position in shares of Clearwater Paper during the 2nd quarter worth approximately $200,000. Institutional investors own 89.98% of the company’s stock.

Clearwater Paper Price Performance

CLW stock opened at $28.53 on Tuesday. The stock has a market capitalization of $475.82 million, a price-to-earnings ratio of 4.77 and a beta of 0.33. The firm’s 50-day moving average price is $36.29 and its two-hundred day moving average price is $43.01. The company has a current ratio of 1.73, a quick ratio of 0.74 and a debt-to-equity ratio of 1.73. Clearwater Paper has a 12-month low of $27.69 and a 12-month high of $57.13.

Clearwater Paper (NYSE:CLW) last released its quarterly earnings results on Tuesday, August 6th. The basic materials company reported ($0.42) EPS for the quarter. The business had revenue of $586.40 million for the quarter. Clearwater Paper had a net margin of 2.16% and a return on equity of 11.56%.

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.