Sappi Ltd. (OTCMKTS:SPPJY) Short Interest Update

Sappi Ltd. (OTCMKTS:SPPJY) saw a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 2,574 shares, a decrease of 92.8% from the April 30th total of 35,912 shares. Based on an average daily volume of 27,403 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Sappi from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Sappi presently has a consensus rating of “Hold”.

Sappi Stock Up 0.7%

OTCMKTS SPPJY traded up $0.01 on Wednesday, reaching $0.83. The company had a trading volume of 1,010 shares, compared to its average volume of 9,297. The stock has a market capitalization of $501.80 million, a P/E ratio of -0.75 and a beta of 0.61. The company’s fifty day moving average is $1.02 and its 200 day moving average is $1.22. Sappi has a 52-week low of $0.80 and a 52-week high of $2.25. The company has a quick ratio of 0.55, a current ratio of 1.18 and a debt-to-equity ratio of 0.65.

Sappi (OTCMKTS:SPPJY) last released its quarterly earnings results on Thursday, May 7th. The basic materials company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Sappi had a negative net margin of 12.70% and a negative return on equity of 4.61%. Sell-side analysts anticipate that Sappi will post -0.14 earnings per share for the current fiscal year.

Sappi Company Profile

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.