Sappi Limited (OTCMKTS:SPPJY) Sees Significant Growth in Short Interest

Sappi Limited (OTCMKTS:SPPJY) saw a large growth in short interest in March. As of March 15th, there was short interest totalling 200 shares, a growth of 100.0% from the February 29th total of 100 shares. Based on an average daily volume of 2,200 shares, the short-interest ratio is currently 0.1 days.

Sappi Trading Down 2.2 %

Shares of Sappi stock traded down $0.06 during trading on Thursday, reaching $2.65. The company’s stock had a trading volume of 690 shares, compared to its average volume of 4,934. Sappi has a 52-week low of $1.99 and a 52-week high of $2.80. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 2.94, a PEG ratio of 0.56 and a beta of 1.19. The firm’s 50-day moving average is $2.42 and its two-hundred day moving average is $2.32. The company has a quick ratio of 0.75, a current ratio of 1.27 and a debt-to-equity ratio of 0.59.

Sappi (OTCMKTS:SPPJY) last announced its quarterly earnings data on Wednesday, February 7th. The basic materials company reported $0.08 earnings per share (EPS) for the quarter. The company had revenue of $1.27 billion during the quarter. Sappi had a negative net margin of 1.05% and a positive return on equity of 4.72%. On average, sell-side analysts anticipate that Sappi will post 0.35 earnings per share for the current year.

Sappi Company Profile

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.