Sappi Limited (OTCMKTS:SPPJY) Short Interest Up 250.0% in April

Sappi Limited (OTCMKTS:SPPJY - Get Free Report) was the target of a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 2,100 shares, an increase of 250.0% from the March 31st total of 600 shares. Based on an average trading volume of 7,200 shares, the days-to-cover ratio is presently 0.3 days.

Sappi Stock Performance

OTCMKTS:SPPJY remained flat at $2.80 during trading hours on Friday. The firm has a market capitalization of $1.57 billion, a PE ratio of 3.27, a PEG ratio of 0.38 and a beta of 1.20. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.75 and a current ratio of 1.27. The stock has a fifty day moving average of $2.64 and a 200-day moving average of $2.40. Sappi has a 12 month low of $1.99 and a 12 month high of $3.05.

Sappi (OTCMKTS:SPPJY - Get Free Report) last released its earnings results on Wednesday, February 7th. The basic materials company reported $0.08 earnings per share for the quarter. The firm had revenue of $1.27 billion for the quarter. Sappi had a positive return on equity of 4.72% and a negative net margin of 1.05%. As a group, equities analysts forecast that Sappi will post 0.27 EPS for the current fiscal year.

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.