Saputo Inc. (OTCMKTS:SAPIF – Get Free Report) was the recipient of a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 1,164,724 shares, a decrease of 38.7% from the April 15th total of 1,898,767 shares. Based on an average daily trading volume, of 177,836 shares, the days-to-cover ratio is presently 6.5 days.
Saputo Stock Performance
SAPIF opened at $28.76 on Tuesday. The business has a 50 day moving average price of $30.29 and a 200 day moving average price of $29.54. Saputo has a twelve month low of $18.14 and a twelve month high of $32.49.
Analyst Upgrades and Downgrades
SAPIF has been the topic of a number of research reports. Scotiabank reaffirmed an “outperform” rating on shares of Saputo in a research note on Monday, February 9th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Saputo in a research note on Monday, February 2nd. TD Securities reiterated a “buy” rating on shares of Saputo in a report on Monday, February 9th. Finally, BMO Capital Markets restated a “market perform” rating on shares of Saputo in a report on Monday, February 9th. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Saputo currently has a consensus rating of “Moderate Buy”.
Saputo Company Profile
Saputo Inc, trading on OTC Markets under the symbol SAPIF, is a Canada?based dairy processor engaged in the manufacturing, marketing and distribution of a broad array of dairy products. The company’s portfolio spans cheese, fluid milk, cultured products such as yogurt and sour cream, and a range of dairy ingredients including whey proteins and lactose. Headquartered in Montreal, Quebec, Saputo serves both retail consumers and foodservice clients, supplying branded and private?label offerings in North America and beyond.
Founded in 1954 by the Saputo family, the company has grown from a single cheesemaking facility into one of the world’s largest dairy processors.
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