Short Interest in Domtar Corp (NYSE:UFS) Increases By 8.9%

Domtar Corp (NYSE:UFS) (TSE:UFS) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totalling 5,020,000 shares, an increase of 8.9% from the June 30th total of 4,610,000 shares. Based on an average daily volume of 1,100,000 shares, the short-interest ratio is presently 4.6 days. Currently, 9.1% of the shares of the company are sold short.

Several hedge funds have recently modified their holdings of UFS. First Trust Advisors LP raised its position in shares of Domtar by 9.6% in the first quarter. First Trust Advisors LP now owns 85,197 shares of the basic materials company’s stock worth $4,230,000 after buying an additional 7,470 shares in the last quarter. Amundi Pioneer Asset Management Inc. increased its stake in Domtar by 5.4% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 135,339 shares of the basic materials company’s stock valued at $6,719,000 after acquiring an additional 6,951 shares during the last quarter. UBS Group AG increased its stake in Domtar by 59.2% in the fourth quarter. UBS Group AG now owns 58,297 shares of the basic materials company’s stock valued at $2,229,000 after acquiring an additional 21,689 shares during the last quarter. Janus Henderson Group PLC bought a new position in Domtar in the fourth quarter valued at $275,000. Finally, Norges Bank bought a new position in Domtar in the fourth quarter valued at $33,375,000. Institutional investors own 91.32% of the company’s stock.

NYSE:UFS opened at $20.99 on Friday. The company has a market cap of $1.16 billion, a P/E ratio of 209.90 and a beta of 1.72. The stock’s fifty day moving average price is $21.41 and its two-hundred day moving average price is $25.54. Domtar has a 1 year low of $18.40 and a 1 year high of $43.01. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.06 and a quick ratio of 1.08.

Domtar (NYSE:UFS) (TSE:UFS) last issued its quarterly earnings data on Friday, May 8th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.26) by $0.35. Domtar had a return on equity of 4.08% and a net margin of 0.18%. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter last year, the business posted $1.44 earnings per share. The firm’s revenue was down 7.1% compared to the same quarter last year. On average, analysts expect that Domtar will post -0.44 earnings per share for the current fiscal year.

Several equities analysts have weighed in on the company. Royal Bank of Canada lowered Domtar from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from $30.00 to $27.00 in a report on Friday, June 5th. Zacks Investment Research lowered Domtar from a “buy” rating to a “hold” rating and set a $22.00 price objective for the company. in a report on Thursday, June 25th. TD Securities increased their price objective on Domtar from $22.00 to $26.00 and gave the company a “hold” rating in a report on Monday, May 11th. Raymond James set a $24.00 price objective on Domtar and gave the company a “market perform” rating in a report on Monday, May 11th. Finally, DA Davidson lowered Domtar from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $44.00 to $26.00 in a report on Monday, May 11th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $27.70.

Domtar Company Profile

Domtar Corporation designs, manufactures, markets, and distributes various communication papers, specialty and packaging papers, and absorbent hygiene products in the United States, Canada, Europe, Asia, and internationally. It operates in two segments, Pulp and Paper, and Personal Care. The company offers business papers, including copy and electronic imaging papers for use with inkjet and laser printers, photocopiers, and plain-paper fax machines, as well as computer papers, preprinted forms, and digital papers for office and home use.

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