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

Clearwater Paper Co. (NYSE:CLW) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 618,300 shares, an increase of 13.4% from the August 31st total of 545,100 shares. Currently, 3.9% of the shares of the company are sold short. Based on an average daily volume of 269,500 shares, the short-interest ratio is presently 2.3 days.

Clearwater Paper Stock Performance

NYSE CLW opened at $28.53 on Tuesday. Clearwater Paper has a 12-month low of $27.69 and a 12-month high of $57.13. The firm has a market cap of $475.82 million, a P/E ratio of 4.77 and a beta of 0.33. The company has a quick ratio of 0.74, a current ratio of 1.73 and a debt-to-equity ratio of 1.73. The company’s 50 day moving average is $36.29 and its 200-day moving average is $43.01.

Clearwater Paper (NYSE:CLW) last released its quarterly earnings data on Tuesday, August 6th. The basic materials company reported ($0.42) earnings per share (EPS) for the quarter. The company 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%.

Institutional Investors Weigh In On Clearwater Paper

Several hedge funds and other institutional investors have recently modified their holdings of CLW. BNP Paribas Financial Markets grew its position in Clearwater Paper by 115.6% during the fourth quarter. BNP Paribas Financial Markets now owns 19,471 shares of the basic materials company’s stock worth $703,000 after buying an additional 10,439 shares in the last quarter. Trexquant Investment LP purchased a new stake in Clearwater Paper in the fourth quarter valued at approximately $408,000. TD Asset Management Inc lifted its position in Clearwater Paper by 40.2% during the fourth quarter. TD Asset Management Inc now owns 26,500 shares of the basic materials company’s stock valued at $957,000 after purchasing an additional 7,600 shares during the last quarter. Campbell & CO Investment Adviser LLC grew its stake in Clearwater Paper by 40.7% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 41,591 shares of the basic materials company’s stock worth $1,502,000 after buying an additional 12,027 shares in the last quarter. Finally, Wasatch Advisors LP bought a new position in shares of Clearwater Paper in the 4th quarter worth $9,909,000. 89.98% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. StockNews.com downgraded Clearwater Paper from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th. Royal Bank of Canada upped their price target on Clearwater Paper from $42.00 to $48.00 and gave the company a “sector perform” rating in a research 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.