Sappi Ltd. (OTCMKTS:SPPJY – Get Free Report) was the target of a significant drop in short interest in May. As of May 15th, there was short interest totaling 2,574 shares, a drop of 92.8% from the April 30th total of 35,912 shares. Based on an average daily trading volume, of 27,403 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.
Sappi Stock Performance
Sappi stock traded down $0.02 during mid-day trading on Friday, reaching $0.83. The company’s stock had a trading volume of 35,059 shares, compared to its average volume of 9,351. The firm has a market cap of $501.80 million, a price-to-earnings ratio of -0.75 and a beta of 0.61. The business has a 50 day moving average price of $1.01 and a 200-day moving average price of $1.21. 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 twelve month low of $0.80 and a twelve month high of $2.25.
Sappi (OTCMKTS:SPPJY – Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The basic materials company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.40 billion. Sappi had a negative return on equity of 4.61% and a negative net margin of 12.70%. Sell-side analysts predict that Sappi will post -0.18 EPS for the current fiscal year.
Analysts Set New Price Targets
Check Out Our Latest Stock Analysis on Sappi
Sappi Company Profile
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.
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