Sappi Limited (OTCMKTS:SPPJY) Short Interest Update

Sappi Limited (OTCMKTS:SPPJY) saw a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 2,500 shares, a growth of 2,400.0% from the December 31st total of 100 shares. Based on an average trading volume of 4,300 shares, the short-interest ratio is presently 0.6 days.

Sappi Price Performance

Shares of OTCMKTS:SPPJY traded down $0.04 during trading on Tuesday, reaching $2.71. The stock had a trading volume of 850 shares, compared to its average volume of 1,728. Sappi has a 52 week low of $2.18 and a 52 week high of $3.20. The business’s 50-day moving average price is $2.79 and its 200 day moving average price is $2.78. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.50 and a quick ratio of 0.87. The stock has a market capitalization of $1.52 billion, a PE ratio of 90.36 and a beta of 1.03.

Sappi (OTCMKTS:SPPJY) last released its earnings results on Thursday, November 7th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter. Sappi had a net margin of 0.60% and a return on equity of 11.55%. The company had revenue of $1.46 billion for the quarter. As a group, equities analysts predict that Sappi will post 0.57 earnings per share for the current year.

Sappi Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, January 23rd. Stockholders of record on Friday, January 10th were paid a $0.1082 dividend. The ex-dividend date was Friday, January 10th. Sappi’s dividend payout ratio (DPR) is presently 333.44%.

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.