Clearwater Paper Corporation (NYSE:CLW) Short Interest Update

Clearwater Paper Corporation (NYSE:CLW) was the recipient of a large increase in short interest during the month of February. As of February 27th, there was short interest totaling 727,885 shares, an increase of 33.2% from the February 12th total of 546,309 shares. Currently, 4.7% of the shares of the company are short sold. Based on an average daily trading volume, of 366,403 shares, the short-interest ratio is currently 2.0 days. Based on an average daily trading volume, of 366,403 shares, the short-interest ratio is currently 2.0 days. Currently, 4.7% of the shares of the company are short sold.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. TD Securities lowered their target price on Clearwater Paper from $25.00 to $20.00 and set a “buy” rating on the stock in a report on Thursday, February 19th. Truist Financial reduced their price target on shares of Clearwater Paper from $21.00 to $16.00 and set a “hold” rating for the company in a research report on Thursday, February 19th. Weiss Ratings reissued a “sell (d+)” rating on shares of Clearwater Paper in a report on Monday, December 29th. Finally, Royal Bank Of Canada cut their target price on shares of Clearwater Paper from $25.00 to $23.00 and set an “outperform” rating for the company in a research report on Friday, February 20th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $22.25.

Institutional Investors Weigh In On Clearwater Paper

Institutional investors and hedge funds have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Clearwater Paper by 4.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 9,629 shares of the basic materials company’s stock worth $244,000 after acquiring an additional 390 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in Clearwater Paper by 34.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,185 shares of the basic materials company’s stock valued at $60,000 after acquiring an additional 563 shares during the last quarter. Verition Fund Management LLC lifted its stake in Clearwater Paper by 4.1% in the 4th quarter. Verition Fund Management LLC now owns 15,900 shares of the basic materials company’s stock worth $277,000 after purchasing an additional 631 shares in the last quarter. Deutsche Bank AG lifted its stake in Clearwater Paper by 7.0% in the 4th quarter. Deutsche Bank AG now owns 12,319 shares of the basic materials company’s stock worth $214,000 after purchasing an additional 802 shares in the last quarter. Finally, GSA Capital Partners LLP boosted its holdings in shares of Clearwater Paper by 2.8% during the 3rd quarter. GSA Capital Partners LLP now owns 34,571 shares of the basic materials company’s stock valued at $718,000 after purchasing an additional 949 shares during the last quarter. Institutional investors own 89.98% of the company’s stock.

Clearwater Paper Stock Performance

Shares of NYSE CLW traded down $0.43 during trading on Friday, hitting $13.11. The company had a trading volume of 262,856 shares, compared to its average volume of 266,324. Clearwater Paper has a 12 month low of $12.84 and a 12 month high of $30.96. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.13 and a current ratio of 2.43. The firm has a market capitalization of $210.33 million, a P/E ratio of -11.71 and a beta of 0.23. The stock has a 50 day simple moving average of $17.00 and a 200 day simple moving average of $18.44.

Clearwater Paper (NYSE:CLW) last released its earnings results on Wednesday, February 18th. The basic materials company reported ($0.42) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.50) by $0.08. Clearwater Paper had a negative net margin of 1.20% and a negative return on equity of 2.11%. The company had revenue of $386.40 million for the quarter, compared to analysts’ expectations of $379.00 million.

About Clearwater Paper

Clearwater Paper Corporation is an independent manufacturer of premium tissue and pulp and paperboard products for private-label and commercial customers in North America. The company operates through two core segments: Consumer Products, which produces bathroom tissue, paper towels and other away-from-home tissue products under private-label contracts; and Pulp & Paperboard, which supplies bleached paperboard used in folding cartons, foodservice packaging and specialty paper applications.

The Consumer Products segment services retail grocers, warehouse clubs, online merchants and janitorial distributors, leveraging multiple converting facilities to produce roll and folded tissue items for both household and institutional use.