Sappi Limited (OTCMKTS:SPPJY) Short Interest Update

Sappi Limited (OTCMKTS:SPPJY) was the recipient of a significant increase in short interest in the month of March. As of March 31st, there was short interest totalling 11,900 shares, an increase of 20.2% from the March 15th total of 9,900 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 5,400 shares, the short-interest ratio is currently 2.2 days.

Sappi Trading Up 12.4 %

Shares of SPPJY stock opened at $1.91 on Wednesday. The business has a 50-day moving average of $2.22 and a 200 day moving average of $2.59. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.52 and a quick ratio of 0.76. Sappi has a 1-year low of $1.67 and a 1-year high of $3.20. The stock has a market capitalization of $1.07 billion, a PE ratio of 5.03 and a beta of 0.74.

Sappi (OTCMKTS:SPPJY) last issued its earnings results on Wednesday, February 5th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter. Sappi had a net margin of 4.13% and a return on equity of 12.14%.

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.