Sappi Limited (OTCMKTS:SPPJY) Short Interest Update

Sappi Limited (OTCMKTS:SPPJY) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 2,500 shares, an increase of 2,400.0% from the December 31st total of 100 shares. Based on an average daily volume of 4,300 shares, the days-to-cover ratio is presently 0.6 days.

Sappi Price Performance

Shares of SPPJY stock traded down $0.04 during trading hours on Wednesday, reaching $2.71. 850 shares of the company were exchanged, compared to its average volume of 1,110. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.50 and a quick ratio of 0.87. The company has a market cap of $1.52 billion, a price-to-earnings ratio of 90.36 and a beta of 1.03. The stock’s fifty day moving average is $2.78 and its two-hundred day moving average is $2.77. Sappi has a fifty-two week low of $2.18 and a fifty-two week high of $3.20.

Sappi (OTCMKTS:SPPJY) last announced its quarterly earnings results on Thursday, November 7th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter. Sappi had a return on equity of 11.55% and a net margin of 0.60%. The company had revenue of $1.46 billion during the quarter. Sell-side analysts forecast that Sappi will post 0.57 earnings per share for the current fiscal year.

Sappi Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, January 23rd. Shareholders of record on Friday, January 10th were paid a $0.1082 dividend. The ex-dividend date of this dividend was Friday, January 10th. Sappi’s dividend payout ratio is 333.44%.

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.