Sappi Ltd. (OTCMKTS:SPPJY) Short Interest Update

Sappi Ltd. (OTCMKTS:SPPJY) was the recipient of a large decrease in short interest in July. As of July 31st, there was short interest totaling 107,969 shares, a decrease of 57.7% from the July 15th total of 255,178 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 29,921 shares, the short-interest ratio is currently 3.6 days.

Sappi Price Performance

Shares of SPPJY opened at $0.90 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.70 and a current ratio of 1.35. The firm has a market cap of $544.12 million, a PE ratio of -0.66 and a beta of 0.58. The firm’s 50 day moving average price is $0.74 and its 200 day moving average price is $0.94. Sappi has a twelve month low of $0.59 and a twelve month high of $1.74.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Sappi from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 28th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold”.

About Sappi

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.