Sappi Limited (OTCMKTS:SPPJY) Short Interest Up 157.1% in May

Sappi Limited (OTCMKTS:SPPJY - Get Free Report) was the target of a large increase in short interest in the month of May. As of May 15th, there was short interest totalling 3,600 shares, an increase of 157.1% from the April 30th total of 1,400 shares. Based on an average daily trading volume, of 3,600 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.0% of the company's stock are sold short.

Sappi Stock Up 15.8%

Shares of OTCMKTS SPPJY traded up $0.30 during trading on Tuesday, reaching $2.20. 852 shares of the stock were exchanged, compared to its average volume of 2,852. The company has a market capitalization of $1.23 billion, a price-to-earnings ratio of 5.79 and a beta of 0.84. The business's 50-day moving average price is $1.93 and its 200 day moving average price is $2.39. The company has a quick ratio of 0.76, a current ratio of 1.52 and a debt-to-equity ratio of 0.57. Sappi has a twelve month low of $1.59 and a twelve month high of $3.20.

Sappi (OTCMKTS:SPPJY - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The basic materials company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.02 by ($0.01). The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.38 billion. Sappi had a return on equity of 12.14% and a net margin of 4.13%.

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.