Sappi Limited (OTCMKTS:SPPJY) Short Interest Down 96.7% in December

Sappi Limited (OTCMKTS:SPPJY - Get Free Report) was the target of a large decrease in short interest in December. As of December 15th, there was short interest totalling 100 shares, a decrease of 96.7% from the November 30th total of 3,000 shares. Based on an average daily volume of 1,300 shares, the short-interest ratio is presently 0.1 days.

Sappi Stock Performance

OTCMKTS SPPJY traded down $0.05 during trading hours on Thursday, reaching $2.69. 2,005 shares of the company were exchanged, compared to its average volume of 3,325. The stock has a market capitalization of $1.51 billion, a P/E ratio of 89.70 and a beta of 1.04. The company has a quick ratio of 0.87, a current ratio of 1.50 and a debt-to-equity ratio of 0.60. Sappi has a 1 year low of $2.03 and a 1 year high of $3.20. The business's 50 day simple moving average is $2.87 and its 200-day simple moving average is $2.77.

Sappi Cuts Dividend

The company also recently announced a dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Friday, January 10th will be given a $0.1082 dividend. The ex-dividend date is Friday, January 10th. Sappi's dividend payout ratio is currently 333.33%.

About Sappi

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.