Sappi Limited (OTCMKTS:SPPJY) Sees Large Increase in Short Interest

Sappi Limited (OTCMKTS:SPPJY) was the target of a large increase in short interest in January. As of January 31st, there was short interest totalling 700 shares, an increase of 40.0% from the January 15th total of 500 shares. Based on an average trading volume of 1,700 shares, the short-interest ratio is presently 0.4 days.

Sappi Stock Performance

SPPJY stock opened at $2.67 on Friday. The company has a current ratio of 1.50, a quick ratio of 0.87 and a debt-to-equity ratio of 0.60. The firm has a market cap of $1.49 billion, a P/E ratio of 5.30 and a beta of 1.01. Sappi has a 12-month low of $2.27 and a 12-month high of $3.20. The stock’s 50 day simple moving average is $2.72 and its 200 day simple moving average is $2.75.

Sappi (OTCMKTS:SPPJY) last posted its quarterly earnings results on Wednesday, February 5th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter. Sappi had a return on equity of 12.16% and a net margin of 4.13%. As a group, equities research analysts predict that Sappi will post 0.57 EPS for the current year.

Sappi Cuts Dividend

The business also recently announced a dividend, which was paid on Thursday, January 23rd. Shareholders of record on Friday, January 10th were given a $0.1082 dividend. The ex-dividend date was Friday, January 10th. Sappi’s dividend payout ratio is presently 26.32%.

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.