Sappi Ltd. (OTCMKTS:SPPJY) Short Interest Down 81.0% in July

Key Points

• Sappi Ltd. experienced a significant 81.0% decrease in short interest in July, dropping from 52,600 shares to just 10,000 shares.
• The company's stock value opened at $1.60, with a market capitalization of approximately $895.84 million and a PE ratio of 9.41.
• In its latest quarterly earnings report, Sappi missed earnings estimates, posting an EPS of ($0.04) against expectations of $0.03, with revenue of $1.32 billion.

Sappi Ltd. (OTCMKTS:SPPJY - Get Free Report) was the target of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 10,000 shares, adeclineof81.0% from the July 15th total of 52,600 shares. Approximately0.0% of the company's shares are sold short. Based on an average daily volume of 29,400 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 29,400 shares, the short-interest ratio is currently 0.3 days. Approximately0.0% of the company's shares are sold short.

Sappi Trading Down 3.0%

Sappi stock traded down $0.05 during mid-day trading on Tuesday, reaching $1.60. 280 shares of the company traded hands, compared to its average volume of 5,821. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.38 and a quick ratio of 0.68. Sappi has a 52-week low of $1.42 and a 52-week high of $3.20. The firm has a market capitalization of $895.84 million, a price-to-earnings ratio of 9.41 and a beta of 0.76. The firm's 50 day moving average price is $1.75 and its 200 day moving average price is $2.01.

Sappi (OTCMKTS:SPPJY - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.07). Sappi had a net margin of 1.75% and a return on equity of 6.09%. The company had revenue of $1.32 billion for the quarter, compared to analysts' expectations of $1.35 billion.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Sappi to a "strong sell" rating in a report on Friday, August 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Sell".

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.