Sappi Limited (OTCMKTS:SPPJY) Short Interest Update

Sappi Limited (OTCMKTS:SPPJY - Get Free Report) was the recipient of a large increase in short interest in January. As of January 15th, there was short interest totalling 2,500 shares, an increase 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 Stock Down 1.5 %

Shares of SPPJY traded down $0.04 during trading hours on Friday, hitting $2.60. The company had a trading volume of 312 shares, compared to its average volume of 851. The company has a market capitalization of $1.46 billion, a PE ratio of 86.70 and a beta of 1.03. The company has a current ratio of 1.50, a quick ratio of 0.87 and a debt-to-equity ratio of 0.60. Sappi has a one year low of $2.18 and a one year high of $3.20. The company's fifty day moving average price is $2.77 and its two-hundred day moving average price is $2.77.

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

Sappi Cuts Dividend

The firm also recently announced a dividend, which was paid on Thursday, January 23rd. Investors of record on Friday, January 10th were given a dividend of $0.1082 per share. The ex-dividend date of this dividend was Friday, January 10th. Sappi's dividend payout ratio is currently 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.