Saputo Inc. (OTCMKTS:SAPIF) Short Interest Update

Saputo Inc. (OTCMKTS:SAPIF) was the recipient of a large increase in short interest in May. As of May 29th, there was short interest totaling 2,305,552 shares, an increase of 83.9% from the May 14th total of 1,253,971 shares. Based on an average daily volume of 178,676 shares, the days-to-cover ratio is presently 12.9 days.

Saputo Stock Performance

Shares of Saputo stock opened at $29.94 on Monday. Saputo has a twelve month low of $19.33 and a twelve month high of $32.49. The business’s fifty day moving average price is $29.94 and its 200 day moving average price is $30.13.

Analyst Upgrades and Downgrades

Separately, Canadian Imperial Bank of Commerce reaffirmed an “outperform” rating on shares of Saputo in a research report on Monday, June 8th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Saputo currently has a consensus rating of “Moderate Buy”.

About Saputo

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.