Sappi Limited (OTCMKTS:SPPJY) Short Interest Down 66.7% in September

Sappi Limited (OTCMKTS:SPPJY) saw a large decrease in short interest during the month of September. As of September 15th, there was short interest totalling 100 shares, a decrease of 66.7% from the August 31st total of 300 shares. Based on an average daily trading volume, of 1,600 shares, the days-to-cover ratio is presently 0.1 days.

Sappi Price Performance

SPPJY remained flat at $2.81 during trading on Wednesday. Sappi has a twelve month low of $1.99 and a twelve month high of $3.16. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of 3.00, a P/E/G ratio of 0.26 and a beta of 1.07. The stock’s fifty day moving average is $2.70 and its 200-day moving average is $2.77. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.55 and a quick ratio of 0.87.

Sappi (OTCMKTS:SPPJY) last posted its quarterly earnings results on Thursday, August 8th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter. Sappi had a positive return on equity of 6.21% and a negative net margin of 1.60%. The firm had revenue of $1.37 billion during the quarter. On average, analysts expect that Sappi will post 0.36 EPS for the current fiscal year.

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.