Sappi Ltd. (OTCMKTS:SPPJY) Short Interest Update

Sappi Ltd. (OTCMKTS:SPPJYGet 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:SPPJYGet 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

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

Check Out Our Latest Stock Analysis on Sappi

Sappi Company Profile

(Get Free Report)

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.

Further Reading

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