Clearwater Paper Corp (NYSE:CLW) Short Interest Update

Clearwater Paper Corp (NYSE:CLW) saw a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 630,600 shares, an increase of 11.0% from the January 15th total of 568,200 shares. Based on an average daily volume of 145,000 shares, the days-to-cover ratio is presently 4.3 days. Currently, 3.9% of the company’s shares are short sold.

A number of equities analysts have recently commented on the company. Zacks Investment Research upgraded Clearwater Paper from a “hold” rating to a “buy” rating and set a $32.00 price objective on the stock in a report on Friday, January 31st. KeyCorp restated a “hold” rating on shares of Clearwater Paper in a report on Wednesday. Royal Bank of Canada upgraded Clearwater Paper from an “underperform” rating to a “sector perform” rating and raised their target price for the company from $15.00 to $20.00 in a report on Tuesday, January 14th. Finally, ValuEngine upgraded Clearwater Paper from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 30th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Clearwater Paper presently has an average rating of “Buy” and an average target price of $32.00.

Shares of NYSE:CLW traded up $0.09 during mid-day trading on Friday, hitting $27.18. 91,500 shares of the company traded hands, compared to its average volume of 155,274. The firm has a market cap of $470.54 million, a P/E ratio of -2.29 and a beta of 2.03. The company has a debt-to-equity ratio of 2.20, a quick ratio of 0.62 and a current ratio of 1.57. Clearwater Paper has a 52-week low of $13.87 and a 52-week high of $35.27. The firm’s 50 day simple moving average is $23.55 and its 200 day simple moving average is $20.10.

Large investors have recently made changes to their positions in the stock. Bank of Montreal Can raised its holdings in shares of Clearwater Paper by 31.2% during the 4th quarter. Bank of Montreal Can now owns 2,351 shares of the basic materials company’s stock valued at $50,000 after buying an additional 559 shares during the period. Public Employees Retirement System of Ohio grew its stake in Clearwater Paper by 10.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 5,449 shares of the basic materials company’s stock valued at $115,000 after purchasing an additional 532 shares in the last quarter. State of Tennessee Treasury Department grew its stake in Clearwater Paper by 8.5% during the 3rd quarter. State of Tennessee Treasury Department now owns 7,426 shares of the basic materials company’s stock valued at $157,000 after purchasing an additional 584 shares in the last quarter. Victory Capital Management Inc. grew its stake in Clearwater Paper by 7.0% during the 4th quarter. Victory Capital Management Inc. now owns 8,072 shares of the basic materials company’s stock valued at $172,000 after purchasing an additional 526 shares in the last quarter. Finally, United Services Automobile Association acquired a new stake in Clearwater Paper during the 2nd quarter valued at approximately $200,000. Institutional investors and hedge funds own 82.90% of the company’s stock.

Clearwater Paper Company Profile

Clearwater Paper Corporation produces and sells produces and sells private label tissue and bleached paperboard products in the United States and internationally. It operates in two segments, Consumer Products, and Pulp and Paperboard. The Consumer Products segment manufactures and sells a line of at-home tissue products, including bathroom tissues, paper towels, facial tissues, and napkins; recycled fiber value grade products; and away-from-home products, such as conventional one- and two-ply bath tissues, two-ply paper towels, hard wound towels, and dispenser napkins.

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