Sappi Limited (OTCMKTS:SPPJY - Get Free Report) saw a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 600 shares, an increase of 200.0% from the March 15th total of 200 shares. Based on an average daily volume of 1,600 shares, the days-to-cover ratio is presently 0.4 days.
Sappi Stock Performance
Shares of Sappi stock remained flat at $2.75 during trading hours on Thursday. The company's stock had a trading volume of 45 shares, compared to its average volume of 5,078. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 3.28, a price-to-earnings-growth ratio of 0.62 and a beta of 1.20. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.27 and a quick ratio of 0.75. The company's 50-day moving average is $2.52 and its two-hundred day moving average is $2.35. Sappi has a one year low of $1.99 and a one year high of $3.00.
Sappi (OTCMKTS:SPPJY - Get Free Report) last released its quarterly earnings data on Wednesday, February 7th. The basic materials company reported $0.08 EPS for the quarter. The business had revenue of $1.27 billion during the quarter. Sappi had a positive return on equity of 4.72% and a negative net margin of 1.05%. On average, equities research analysts anticipate that Sappi will post 0.35 earnings per share for the current fiscal year.
About Sappi
(
Get Free Report)
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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