Sappi Ltd. (OTCMKTS:SPPJY) Short Interest Down 92.8% in May

Sappi Ltd. (OTCMKTS:SPPJY) saw a significant decrease in short interest in May. As of May 15th, there was short interest totaling 2,574 shares, a decrease of 92.8% from the April 30th total of 35,912 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 27,403 shares, the short-interest ratio is currently 0.1 days.

Sappi Price Performance

Shares of OTCMKTS:SPPJY opened at $0.83 on Thursday. The company has a current ratio of 1.18, a quick ratio of 0.55 and a debt-to-equity ratio of 0.65. Sappi has a 1 year low of $0.80 and a 1 year high of $2.25. The business has a fifty day simple moving average of $1.01 and a 200 day simple moving average of $1.22. The firm has a market cap of $501.80 million, a price-to-earnings ratio of -0.75 and a beta of 0.61.

Sappi (OTCMKTS:SPPJY) last announced its quarterly earnings data on Thursday, May 7th. The basic materials company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.04). Sappi had a negative return on equity of 4.61% and a negative net margin of 12.70%.The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.40 billion. As a group, sell-side analysts predict that Sappi will post -0.18 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Zacks Research upgraded Sappi from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Sappi has a consensus rating of “Hold”.

About Sappi

Sappi Limited, trading on the OTCMKTS as SPPJY, is a global pulp and paper company headquartered in Johannesburg, South Africa. Originally established in 1936 as South African Pulp and Paper Industries, Sappi has grown into a diversified manufacturer of dissolving wood pulp, graphic papers, packaging and specialty papers. The company serves customers in over 150 countries and operates a network of mills and sales offices across three key regions: Europe, North America and South Africa.

Sappi’s product portfolio is organized into several main categories.