Sappi Limited (OTCMKTS:SPPJY) Sees Significant Growth in Short Interest

Sappi Limited (OTCMKTS:SPPJY) was the target of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 10,000 shares, an increase of 1,328.6% from the January 31st total of 700 shares. Based on an average trading volume of 8,100 shares, the short-interest ratio is currently 1.2 days.

Sappi Stock Performance

SPPJY stock traded down $0.07 during midday trading on Friday, hitting $2.38. 482 shares of the company traded hands, compared to its average volume of 1,995. 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 $2.29 and a twelve month high of $3.20. The business has a 50 day simple moving average of $2.65 and a 200-day simple moving average of $2.73. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 6.26 and a beta of 1.01.

Sappi (OTCMKTS:SPPJY) last issued 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%.

Sappi Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, January 23rd. Stockholders of record on Friday, January 10th were given a dividend of $0.1082 per share. The ex-dividend date was Friday, January 10th. Sappi’s dividend payout ratio (DPR) is 26.32%.

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.