Sappi Limited (OTCMKTS:SPPJY – Get Rating) was the recipient of a significant increase in short interest in the month of April. As of April 30th, there was short interest totalling 24,800 shares, an increase of 8,166.7% from the April 15th total of 300 shares. Based on an average daily volume of 7,800 shares, the short-interest ratio is presently 3.2 days.
Shares of SPPJY stock traded up $0.13 during midday trading on Wednesday, reaching $3.72. 2,500 shares of the company traded hands, compared to its average volume of 4,325. The firm’s 50 day simple moving average is $3.61 and its two-hundred day simple moving average is $3.18. Sappi has a 1-year low of $2.45 and a 1-year high of $4.20. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.59 and a quick ratio of 0.85. The firm has a market cap of $2.04 billion, a PE ratio of 14.36 and a beta of 1.30.
Sappi (OTCMKTS:SPPJY – Get Rating) last posted its quarterly earnings results on Wednesday, February 9th. The basic materials company reported $0.18 earnings per share (EPS) for the quarter. Sappi had a net margin of 2.64% and a return on equity of 9.35%. The company had revenue of $1.70 billion during the quarter.
Sappi Limited provides materials made from woodfiber-based renewable resources in Europe, North America, and South Africa. The company offers dissolving pulp; graphic papers; packaging and specialty papers, including flexible packaging papers, label papers, functional paper packaging products, containerboards, paperboards, silicone base papers, dye sublimation papers, and inkjet papers; and casting and release papers.
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