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

Clearwater Paper Co. (NYSE:CLW) was the target of a large growth in short interest in the month of 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 daily trading volume, of 269,500 shares, the short-interest ratio is presently 2.3 days. Approximately 3.9% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Innealta Capital LLC bought a new position in shares of Clearwater Paper in the 2nd quarter worth about $52,000. GAMMA Investing LLC increased its stake in shares of Clearwater Paper by 30.3% in 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 in the last quarter. SG Americas Securities LLC bought a new position in shares of Clearwater Paper in the 1st quarter worth about $132,000. DekaBank Deutsche Girozentrale bought a new position in shares of Clearwater Paper in the 2nd quarter worth about $153,000. Finally, Caxton Associates LP bought a new position in shares of Clearwater Paper in the 2nd quarter worth about $200,000. 89.98% of the stock is currently owned by institutional investors.

Clearwater Paper Stock Down 0.4 %

Shares of NYSE CLW opened at $28.52 on Friday. 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. The firm has a market capitalization of $474.29 million, a PE ratio of 4.77 and a beta of 0.33. The firm has a fifty day simple moving average of $36.83 and a two-hundred day simple moving average of $43.08.

Clearwater Paper (NYSE:CLW) last issued its quarterly earnings data on Tuesday, August 6th. The basic materials company reported ($0.42) 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 during the quarter.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. StockNews.com cut shares of Clearwater Paper from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th. Royal Bank of Canada upped their price objective on shares of Clearwater Paper from $42.00 to $48.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 7th.

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.