Domtar Corp (NYSE:UFS) (TSE:UFS) saw a significant drop in short interest during the month of August. As of August 31st, there was short interest totalling 3,598,800 shares, a drop of 14.8% from the July 31st total of 4,224,200 shares. Currently, 5.8% of the company’s stock are short sold. Based on an average daily volume of 654,600 shares, the short-interest ratio is presently 5.5 days.

UFS stock traded up $0.47 during midday trading on Friday, reaching $36.09. 789,378 shares of the company were exchanged, compared to its average volume of 692,863. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.20 and a quick ratio of 1.09. The business has a 50-day moving average price of $35.45 and a two-hundred day moving average price of $43.55. Domtar has a one year low of $31.72 and a one year high of $54.50. The firm has a market capitalization of $2.22 billion, a price-to-earnings ratio of 7.83 and a beta of 1.97.

Domtar (NYSE:UFS) (TSE:UFS) last released its quarterly earnings data on Thursday, August 1st. The basic materials company reported $0.57 EPS for the quarter, missing the Zacks’ consensus estimate of $0.87 by ($0.30). Domtar had a return on equity of 12.48% and a net margin of 5.21%. The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same period last year, the firm earned $0.65 earnings per share. The company’s revenue for the quarter was down 2.7% compared to the same quarter last year. As a group, analysts anticipate that Domtar will post 3.65 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Wednesday, October 2nd will be given a dividend of $0.455 per share. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $1.82 dividend on an annualized basis and a yield of 5.04%. Domtar’s dividend payout ratio (DPR) is 39.48%.

A number of equities analysts recently weighed in on the stock. Scotiabank set a $45.00 target price on shares of Domtar and gave the stock a “hold” rating in a report on Friday, August 30th. Vertical Group downgraded shares of Domtar from a “buy” rating to a “hold” rating in a report on Tuesday, July 2nd. TheStreet downgraded shares of Domtar from a “b” rating to a “c+” rating in a report on Thursday, August 1st. ValuEngine downgraded shares of Domtar from a “sell” rating to a “strong sell” rating in a report on Thursday, August 1st. Finally, Raymond James lowered their target price on shares of Domtar from $48.00 to $45.00 and set a “market perform” rating on the stock in a report on Friday, August 2nd. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $49.93.

Hedge funds have recently added to or reduced their stakes in the business. TD Capital Management LLC bought a new position in Domtar during the second quarter worth $39,000. Advisory Services Network LLC bought a new position in Domtar during the second quarter worth $50,000. AGF Investments LLC boosted its position in Domtar by 75.1% during the second quarter. AGF Investments LLC now owns 1,250 shares of the basic materials company’s stock worth $56,000 after purchasing an additional 536 shares during the period. Anderson Fisher LLC bought a new position in Domtar during the second quarter worth $104,000. Finally, Centaurus Financial Inc. boosted its position in Domtar by 1,915.4% during the second quarter. Centaurus Financial Inc. now owns 2,479 shares of the basic materials company’s stock worth $110,000 after purchasing an additional 2,356 shares during the period. 95.16% of the stock is owned by hedge funds and other institutional investors.

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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