Sappi Ltd. (OTCMKTS:SPPJY) Short Interest Update

Sappi Ltd. (OTCMKTS:SPPJY) saw a large decrease in short interest in July. As of July 31st, there was short interest totaling 107,969 shares, a decrease of 57.7% from the July 15th total of 255,178 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 29,921 shares, the days-to-cover ratio is currently 3.6 days.

Sappi Stock Down 10.9%

Shares of SPPJY traded down $0.10 during midday trading on Monday, reaching $0.83. The stock had a trading volume of 100 shares, compared to its average volume of 12,341. The company has a market cap of $499.32 million, a price-to-earnings ratio of -0.61 and a beta of 0.58. The company’s fifty day simple moving average is $0.74 and its two-hundred day simple moving average is $0.94. Sappi has a 1-year low of $0.59 and a 1-year high of $1.74. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.35 and a quick ratio of 0.70.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Sappi from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 28th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

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.