Sappi Limited (OTCMKTS:SPPJY) Short Interest Up 250.0% in April

Sappi Limited (OTCMKTS:SPPJY) saw a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 2,100 shares, an increase of 250.0% from the March 31st total of 600 shares. Based on an average daily volume of 7,200 shares, the days-to-cover ratio is presently 0.3 days.

Sappi Stock Down 4.9 %

Shares of OTCMKTS:SPPJY traded down $0.15 during trading on Friday, hitting $2.80. The company’s stock had a trading volume of 129 shares, compared to its average volume of 2,019. The business has a 50 day moving average price of $2.64 and a two-hundred day moving average price of $2.40. Sappi has a fifty-two week low of $1.99 and a fifty-two week high of $3.05. The company has a market capitalization of $1.57 billion, a PE ratio of 3.27, a P/E/G ratio of 0.38 and a beta of 1.20. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.75 and a current ratio of 1.27.

Sappi (OTCMKTS:SPPJY) last announced its earnings results on Wednesday, February 7th. The basic materials company reported $0.08 EPS for the quarter. Sappi had a negative net margin of 1.05% and a positive return on equity of 4.72%. The firm had revenue of $1.27 billion for the quarter. As a group, research analysts expect that Sappi will post 0.27 EPS for the current fiscal year.

Sappi Company Profile

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.