Sappi Limited (OTCMKTS:SPPJY) Short Interest Update

Sappi Limited (OTCMKTS:SPPJY) saw a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 2,500 shares, an increase of 2,400.0% from the December 31st total of 100 shares. Based on an average daily trading volume, of 4,300 shares, the days-to-cover ratio is presently 0.6 days.

Sappi Stock Down 1.5 %

Shares of OTCMKTS SPPJY traded down $0.04 during trading hours on Tuesday, hitting $2.71. The company had a trading volume of 850 shares, compared to its average volume of 1,728. The stock has a market capitalization of $1.52 billion, a P/E ratio of 90.36 and a beta of 1.03. The company has a quick ratio of 0.87, a current ratio of 1.50 and a debt-to-equity ratio of 0.60. Sappi has a 1-year low of $2.18 and a 1-year high of $3.20. The firm’s 50 day moving average is $2.79 and its 200-day moving average is $2.78.

Sappi (OTCMKTS:SPPJY) last released its quarterly earnings data on Thursday, November 7th. The basic materials company reported $0.15 EPS for the quarter. Sappi had a return on equity of 11.55% and a net margin of 0.60%. The company had revenue of $1.46 billion during the quarter. On average, analysts expect that Sappi will post 0.57 earnings per share for the current fiscal year.

Sappi Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, January 23rd. Shareholders of record on Friday, January 10th were issued a dividend of $0.1082 per share. The ex-dividend date was Friday, January 10th. Sappi’s dividend payout ratio is 333.44%.

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.