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

Sappi Limited (OTCMKTS:SPPJY - Get Free Report) saw a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 700 shares, an increase of 40.0% from the January 15th total of 500 shares. Based on an average trading volume of 1,700 shares, the short-interest ratio is presently 0.4 days.

Sappi Stock Performance

Shares of OTCMKTS:SPPJY traded up $0.19 during trading on Tuesday, hitting $2.67. 1,200 shares of the company traded hands, compared to its average volume of 2,300. The company has a quick ratio of 0.87, a current ratio of 1.50 and a debt-to-equity ratio of 0.60. The business's fifty day moving average is $2.71 and its 200-day moving average is $2.74. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of 7.03 and a beta of 1.01. Sappi has a one year low of $2.29 and a one year high of $3.20.

Sappi (OTCMKTS:SPPJY - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter. Sappi had a return on equity of 12.16% and a net margin of 4.13%. As a group, equities analysts predict that Sappi will post 0.57 earnings per share for the current fiscal year.

Sappi Cuts Dividend

The company also recently disclosed a dividend, which was paid on Thursday, January 23rd. Investors of record on Friday, January 10th were given a $0.1082 dividend. The ex-dividend date was Friday, January 10th. Sappi's dividend payout ratio is presently 26.32%.

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.