Sappi Limited (OTCMKTS:SPPJY) Sees Large Increase in Short Interest

Sappi Limited (OTCMKTS:SPPJY - Get Free Report) was the recipient of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 40,000 shares, a growth of 236.1% from the March 31st total of 11,900 shares. Based on an average daily volume of 10,600 shares, the days-to-cover ratio is presently 3.8 days. Approximately 0.0% of the shares of the company are short sold.

Sappi Stock Performance

OTCMKTS SPPJY remained flat at $2.08 during trading hours on Friday. The company had a trading volume of 43 shares, compared to its average volume of 2,908. Sappi has a 52-week low of $1.67 and a 52-week high of $3.20. The company has a current ratio of 1.52, a quick ratio of 0.76 and a debt-to-equity ratio of 0.57. The stock has a market cap of $1.16 billion, a PE ratio of 5.47 and a beta of 0.74. The company's 50-day moving average is $2.15 and its two-hundred day moving average is $2.56.

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

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.