Sappi Limited (OTCMKTS:SPPJY) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 7,000 shares, a growth of 775.0% from the August 31st total of 800 shares. Based on an average trading volume of 2,600 shares, the short-interest ratio is presently 2.7 days.
Separately, Zacks Investment Research lowered shares of Sappi from a “hold” rating to a “sell” rating in a report on Saturday, July 18th.
Shares of SPPJY stock opened at $1.51 on Monday. Sappi has a 12-month low of $1.07 and a 12-month high of $3.45. The firm has a market capitalization of $824.61 million, a price-to-earnings ratio of 3.43, a price-to-earnings-growth ratio of 10.85 and a beta of 1.43. The company has a quick ratio of 0.75, a current ratio of 1.46 and a debt-to-equity ratio of 1.04. The firm has a fifty day moving average of $1.45 and a 200-day moving average of $1.47.
Sappi (OTCMKTS:SPPJY) last announced its quarterly earnings results on Thursday, July 30th. The basic materials company reported ($0.10) earnings per share (EPS) for the quarter. Sappi had a net margin of 0.06% and a return on equity of 2.30%. The firm had revenue of $907.00 million during the quarter. Research analysts expect that Sappi will post 0.01 earnings per share for the current year.
Sappi Limited, a woodfibre company, manufactures and sells dissolving wood pulp, specialties and packaging papers, and graphic/printing papers to direct and indirect customers in North America, Europe, Southern Africa, and internationally. The company offers dissolving wood pulp products that are used by converters to create viscose fiber for clothing and textiles, acetate tow, and pharmaceutical products, as well as a range of consumer products.
See Also: What does EPS mean?
Receive News & Ratings for Sappi Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sappi and related companies with MarketBeat.com's FREE daily email newsletter.