Sappi Ltd. (OTCMKTS:SPPJY) Short Interest Update

Sappi Ltd. (OTCMKTS:SPPJY) saw a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 61,422 shares, a decrease of 43.1% from the July 30th total of 107,969 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 5,086 shares, the days-to-cover ratio is currently 12.1 days.

Sappi Stock Performance

Shares of Sappi stock opened at $0.94 on Friday. The company has a market capitalization of $565.95 million, a PE ratio of -0.69 and a beta of 0.58. Sappi has a 12 month low of $0.59 and a 12 month high of $1.74. The company has a current ratio of 1.35, a quick ratio of 0.70 and a debt-to-equity ratio of 0.91. The stock’s fifty day simple moving average is $0.78 and its 200 day simple moving average is $0.92.

Wall Street Analysts Forecast Growth

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, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

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.