Sappi Limited (OTCMKTS:SPPJY) Sees Significant Growth in Short Interest

Sappi Limited (OTCMKTS:SPPJY) saw a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 200 shares, a growth of 100.0% from the February 29th total of 100 shares. Based on an average daily volume of 2,200 shares, the short-interest ratio is currently 0.1 days.

Sappi Stock Performance

Shares of OTCMKTS:SPPJY traded down $0.06 during midday trading on Thursday, hitting $2.65. The stock had a trading volume of 690 shares, compared to its average volume of 4,934. The company has a market capitalization of $1.48 billion, a PE ratio of 2.94, a P/E/G ratio of 0.56 and a beta of 1.19. The stock has a 50 day moving average price of $2.42 and a two-hundred day moving average price of $2.32. The company has a current ratio of 1.27, a quick ratio of 0.75 and a debt-to-equity ratio of 0.59. Sappi has a 1 year low of $1.99 and a 1 year high of $2.80.

Sappi (OTCMKTS:SPPJY) last issued its earnings results on Wednesday, February 7th. The basic materials company reported $0.08 earnings per share for the quarter. The business had revenue of $1.27 billion for the quarter. Sappi had a negative net margin of 1.05% and a positive return on equity of 4.72%. As a group, equities analysts predict that Sappi will post 0.35 earnings per share for the current fiscal year.

About Sappi

Sappi Limited, together with its subsidiaries, engages in the provision of materials made from woodfiber-based renewable resources in Europe, North America, and South Africa. The company manufacture and sells dissolving pulp, and wood and paper pulp; graphic papers, coated and uncoated papers, and casting and release papers; and packaging and specialty papers, including packaging and specialty papers, including flexible packaging papers, label papers, functional paper packaging products, containerboards, paperboards, silicone base papers, and dye sublimation papers.