Sappi Ltd. (OTCMKTS:SPPJY) Stock Short Interest Declines 78.6%

Sappi Ltd. (OTCMKTS:SPPJY) saw a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 13,891 shares, a decline of 78.6% from the September 15th total of 64,763 shares. Based on an average trading volume of 11,690 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.0% of the shares of the company are short sold.

Analyst Ratings Changes

Separately, Zacks Research raised Sappi from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 28th. One analyst has rated the stock with a Hold rating. According to MarketBeat, the company has an average rating of “Hold”.

Sappi Price Performance

Shares of Sappi stock remained flat at $0.83 during trading on Friday. 80 shares of the stock traded hands, compared to its average volume of 3,409. Sappi has a 1-year low of $0.59 and a 1-year high of $1.72. The stock’s 50-day simple moving average is $0.88 and its 200 day simple moving average is $0.87. The company has a quick ratio of 0.66, a current ratio of 1.27 and a debt-to-equity ratio of 0.94. The stock has a market cap of $501.20 million, a P/E ratio of -0.61, a PEG ratio of 0.32 and a beta of 0.62.

Sappi Company Profile

Sappi Limited is a global diversified woodfibre group that produces and sells paper, pulp and related biomaterials. The company serves customers across the packaging, publishing, commercial printing, textile and industrial markets.

Its products include graphic papers for books, magazines, catalogs and office applications; packaging and speciality papers for food, beverage, consumer goods and industrial uses; and dissolving pulp used in textiles, nonwoven materials and other cellulose-based products.