Sappi Ltd. (OTCMKTS:SPPJY) Short Interest Down 63.1% in August

Sappi Ltd. (OTCMKTS:SPPJY) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 10,400 shares, a decrease of 63.1% from the August 15th total of 28,200 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 6,600 shares, the short-interest ratio is presently 1.6 days. Based on an average daily volume of 6,600 shares, the short-interest ratio is presently 1.6 days. Approximately 0.0% of the company’s shares are short sold.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Sappi to a “strong sell” rating in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Sappi Stock Up 2.4%

SPPJY stock opened at $1.72 on Monday. The company’s 50 day moving average price is $1.68 and its 200 day moving average price is $1.90. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.62 and a current ratio of 1.24. Sappi has a fifty-two week low of $1.42 and a fifty-two week high of $3.20. The firm has a market capitalization of $963.03 million, a price-to-earnings ratio of 10.12 and a beta of 0.83.

Sappi (OTCMKTS:SPPJY) last released its earnings results on Thursday, August 7th. The basic materials company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.07). Sappi had a return on equity of 6.12% and a net margin of 1.75%.The firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.35 billion.

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.