Short Interest in Sappi Limited (OTCMKTS:SPPJY) Decreases By 96.7%

Sappi Limited (OTCMKTS:SPPJY) was the recipient of a large decrease in short interest during the month of December. As of December 15th, there was short interest totalling 100 shares, a decrease of 96.7% from the November 30th total of 3,000 shares. Based on an average daily volume of 1,300 shares, the days-to-cover ratio is currently 0.1 days.

Sappi Stock Down 3.0 %

Sappi stock traded down $0.13 during trading hours on Friday, reaching $2.61. The stock had a trading volume of 7,551 shares, compared to its average volume of 3,351. Sappi has a 52 week low of $2.03 and a 52 week high of $3.20. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 87.03 and a beta of 1.04. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.50 and a quick ratio of 0.87. The business’s 50 day moving average price is $2.86 and its 200-day moving average price is $2.77.

Sappi Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, January 23rd. Investors of record on Friday, January 10th will be paid a dividend of $0.1082 per share. The ex-dividend date of this dividend is Friday, January 10th. Sappi’s dividend payout ratio (DPR) is presently 333.33%.

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.