Sappi Ltd. (OTCMKTS:SPPJY) Short Interest Up 625.3% in June

Sappi Ltd. (OTCMKTS:SPPJY) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 192,128 shares, a growth of 625.3% from the June 15th total of 26,490 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 42,365 shares, the short-interest ratio is presently 4.5 days.

Sappi Price Performance

Shares of SPPJY stock traded down $0.00 on Friday, reaching $0.69. The company’s stock had a trading volume of 6,963 shares, compared to its average volume of 18,080. The stock’s fifty day simple moving average is $0.79 and its 200-day simple moving average is $1.07. Sappi has a 1 year low of $0.59 and a 1 year high of $1.89. The company has a market capitalization of $418.37 million, a price-to-earnings ratio of -0.62 and a beta of 0.59. The company has a current ratio of 1.35, a quick ratio of 0.70 and a debt-to-equity ratio of 0.91.

Sappi (OTCMKTS:SPPJY) last released its quarterly earnings results on Thursday, May 7th. The basic materials company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). Sappi had a negative net margin of 12.70% and a negative return on equity of 4.85%. The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.40 billion. Analysts forecast that Sappi will post -0.2 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Zacks Research cut Sappi from a “hold” rating to a “strong sell” rating in a report on Monday, June 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

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.