Sappi Limited (OTCMKTS:SPPJY - Get Free Report) saw a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 10,000 shares, an increase of 1,328.6% from the January 31st total of 700 shares. Based on an average daily volume of 8,100 shares, the short-interest ratio is presently 1.2 days.
Sappi Stock Performance
Shares of OTCMKTS SPPJY traded down $0.05 during midday trading on Monday, reaching $2.34. The company had a trading volume of 2,464 shares, compared to its average volume of 2,010. Sappi has a 1 year low of $2.29 and a 1 year high of $3.20. The business's 50-day simple moving average is $2.64 and its 200 day simple moving average is $2.73. The company has a current ratio of 1.52, a quick ratio of 0.76 and a debt-to-equity ratio of 0.57. The stock has a market cap of $1.31 billion, a P/E ratio of 6.14 and a beta of 1.01.
Sappi (OTCMKTS:SPPJY - Get Free Report) last released its earnings results 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 12.14% and a net margin of 4.13%.
Sappi Cuts Dividend
The company also recently disclosed 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 payout ratio is 26.32%.
About Sappi
(
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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.
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