Sappi Ltd. (OTCMKTS:SPPJY) Short Interest Update

Sappi Ltd. (OTCMKTS:SPPJY) was the recipient of a large growth in short interest in the month of May. As of May 29th, there was short interest totaling 23,624 shares, a growth of 817.8% from the May 14th total of 2,574 shares. Based on an average trading volume of 17,380 shares, the short-interest ratio is presently 1.4 days. Currently, 0.0% of the company’s shares are sold short.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Sappi from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold”.

Sappi Trading Up 4.3%

SPPJY opened at $0.73 on Thursday. The stock has a market capitalization of $441.34 million, a P/E ratio of -0.66 and a beta of 0.55. Sappi has a 12 month low of $0.68 and a 12 month high of $2.08. The firm’s fifty day simple moving average is $0.96 and its 200 day simple moving average is $1.18. The company has a current ratio of 1.35, a quick ratio of 0.70 and a debt-to-equity ratio of 0.91.

Sappi (OTCMKTS:SPPJY) last posted its quarterly earnings data on Thursday, May 7th. The basic materials company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.04). The company had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.40 billion. Sappi had a negative net margin of 12.70% and a negative return on equity of 4.85%. As a group, research analysts anticipate that Sappi will post -0.18 EPS for the current fiscal year.

About Sappi

Sappi Limited, trading on the OTCMKTS as SPPJY, is a global pulp and paper company headquartered in Johannesburg, South Africa. Originally established in 1936 as South African Pulp and Paper Industries, Sappi has grown into a diversified manufacturer of dissolving wood pulp, graphic papers, packaging and specialty papers. The company serves customers in over 150 countries and operates a network of mills and sales offices across three key regions: Europe, North America and South Africa.

Sappi’s product portfolio is organized into several main categories.