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

Sappi Limited (OTCMKTS:SPPJY - Get Free Report) saw a large growth in short interest in March. As of March 31st, there was short interest totalling 11,900 shares, a growth of 20.2% from the March 15th total of 9,900 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 5,400 shares, the days-to-cover ratio is presently 2.2 days.

Sappi Price Performance

SPPJY remained flat at $2.05 during trading on Friday. 2 shares of the company's stock traded hands, compared to its average volume of 2,867. The business's fifty day moving average is $2.20 and its 200 day moving average is $2.58. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.76 and a current ratio of 1.52. Sappi has a 1-year low of $1.67 and a 1-year high of $3.20. The firm has a market cap of $1.15 billion, a P/E ratio of 5.39 and a beta of 0.74.

Sappi (OTCMKTS:SPPJY - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The basic materials company reported $0.14 earnings per share for the quarter. Sappi had a return on equity of 12.14% and a net margin of 4.13%.

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.