Short Interest in Clearwater Paper Co. (NYSE:CLW) Drops By 9.5%

Clearwater Paper Co. (NYSE:CLW) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 545,100 shares, a decrease of 9.5% from the August 15th total of 602,500 shares. Based on an average trading volume of 231,800 shares, the days-to-cover ratio is currently 2.4 days. Currently, 3.4% of the shares of the company are short sold.

Analyst Ratings Changes

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

Institutional Trading of Clearwater Paper

Institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its holdings in shares of Clearwater Paper by 0.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,408,298 shares of the basic materials company’s stock valued at $68,261,000 after purchasing an additional 10,074 shares during the last quarter. Pacer Advisors Inc. boosted its position in shares of Clearwater Paper by 26.2% during the 2nd quarter. Pacer Advisors Inc. now owns 1,299,972 shares of the basic materials company’s stock valued at $63,010,000 after acquiring an additional 269,937 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Clearwater Paper by 1.4% in the first quarter. Vanguard Group Inc. now owns 1,218,874 shares of the basic materials company’s stock valued at $53,301,000 after purchasing an additional 17,166 shares in the last quarter. American Century Companies Inc. increased its position in Clearwater Paper by 23.2% in the second quarter. American Century Companies Inc. now owns 495,358 shares of the basic materials company’s stock worth $24,010,000 after purchasing an additional 93,123 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Clearwater Paper by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 325,904 shares of the basic materials company’s stock valued at $11,772,000 after purchasing an additional 4,185 shares in the last quarter. Hedge funds and other institutional investors own 89.98% of the company’s stock.

Clearwater Paper Stock Performance

NYSE CLW traded down $0.21 on Thursday, reaching $29.50. 52,832 shares of the stock were exchanged, compared to its average volume of 196,231. The firm has a market capitalization of $490.59 million, a PE ratio of 4.97 and a beta of 0.33. Clearwater Paper has a one year low of $27.69 and a one year high of $57.13. The company’s 50-day simple moving average is $39.43 and its two-hundred day simple moving average is $43.59. 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 (NYSE:CLW) last issued its earnings results on Tuesday, August 6th. The basic materials company reported ($0.42) earnings per share for the quarter. The firm had revenue of $586.40 million during the quarter. Clearwater Paper had a return on equity of 11.56% and a net margin of 2.16%.

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.