Clearwater Paper Co. (NYSE:CLW - Get Free Report) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totalling 869,700 shares, a growth of 40.7% from the September 15th total of 618,300 shares. Approximately 5.4% of the shares of the stock are sold short. Based on an average daily volume of 288,800 shares, the short-interest ratio is currently 3.0 days.
Shares of NYSE:CLW traded up $0.64 on Friday, reaching $27.76. 225,319 shares of the company traded hands, compared to its average volume of 211,506. The stock has a market capitalization of $462.98 million, a P/E ratio of 4.64 and a beta of 0.32. The business's 50-day simple moving average is $31.22 and its 200 day simple moving average is $42.07. 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 52 week low of $25.50 and a 52 week high of $57.13.
Clearwater Paper (NYSE:CLW - Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The basic materials company reported ($0.42) earnings per share (EPS) for the quarter. Clearwater Paper had a return on equity of 11.56% and a net margin of 2.16%. The company had revenue of $586.40 million for the quarter.
Hedge funds have recently made changes to their positions in the company. Innealta Capital LLC bought a new position in Clearwater Paper during the 2nd quarter valued at approximately $52,000. GAMMA Investing LLC grew its holdings in shares of Clearwater Paper by 30.3% during the 2nd quarter. GAMMA Investing LLC now owns 1,096 shares of the basic materials company's stock worth $53,000 after acquiring an additional 255 shares during the period. SG Americas Securities LLC purchased a new position in shares of Clearwater Paper in the 1st quarter valued at approximately $132,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Clearwater Paper during the second quarter valued at approximately $153,000. Finally, Caxton Associates LP purchased a new stake in Clearwater Paper in the second quarter worth $200,000. 89.98% of the stock is owned by hedge funds and other institutional investors.
CLW has been the subject of a number of recent research reports. Royal Bank of Canada boosted their target price on Clearwater Paper from $42.00 to $48.00 and gave the stock a "sector perform" rating in a research report on Wednesday, August 7th. StockNews.com downgraded shares of Clearwater Paper from a "buy" rating to a "hold" rating in a research note on Thursday, August 8th.
Get Our Latest Report on CLW
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.
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