Short Interest in Sappi Limited (OTCMKTS:SPPJY) Rises By 250.0%

Sappi Limited (OTCMKTS:SPPJY) was the target of a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 2,100 shares, an increase of 250.0% from the March 31st total of 600 shares. Based on an average daily volume of 7,200 shares, the days-to-cover ratio is currently 0.3 days.

Sappi Price Performance

Shares of SPPJY traded down $0.15 during trading hours on Friday, reaching $2.80. 129 shares of the stock traded hands, compared to its average volume of 2,019. Sappi has a 52-week low of $1.99 and a 52-week high of $3.05. The company has a current ratio of 1.27, a quick ratio of 0.75 and a debt-to-equity ratio of 0.59. The company has a market cap of $1.57 billion, a P/E ratio of 3.27, a price-to-earnings-growth ratio of 0.38 and a beta of 1.20. The company’s 50-day moving average price is $2.64 and its two-hundred day moving average price is $2.40.

Sappi (OTCMKTS:SPPJY) last posted its quarterly earnings results on Wednesday, February 7th. The basic materials company reported $0.08 EPS for the quarter. The company had revenue of $1.27 billion for the quarter. Sappi had a positive return on equity of 4.72% and a negative net margin of 1.05%. On average, analysts anticipate that Sappi will post 0.27 earnings per share for the current year.

About Sappi

Sappi Limited, together with its subsidiaries, engages in the provision of materials made from woodfiber-based renewable resources in Europe, North America, and South Africa. The company manufacture and sells dissolving pulp, and wood and paper pulp; graphic papers, coated and uncoated papers, and casting and release papers; and packaging and specialty papers, including packaging and specialty papers, including flexible packaging papers, label papers, functional paper packaging products, containerboards, paperboards, silicone base papers, and dye sublimation papers.