Sappi Ltd. (OTCMKTS:SPPJY) Stock Short Interest Report for September

Sappi Ltd. (OTCMKTS:SPPJY) was the target of a significant decrease in short interest in September. As of September 30th, there was short interest totaling 13,891 shares, a decrease of 78.6% from the September 15th total of 64,763 shares. Based on an average trading volume of 11,690 shares, the days-to-cover ratio is currently 1.2 days. Currently, 0.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

Separately, Zacks Research raised Sappi from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 28th. One investment analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the company has an average rating of “Hold”.

Sappi Stock Performance

Shares of OTCMKTS SPPJY remained flat at $0.83 during midday trading on Tuesday. 80 shares of the stock were exchanged, compared to its average volume of 3,413. The stock’s 50-day simple moving average is $0.88 and its 200 day simple moving average is $0.86. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.27 and a quick ratio of 0.66. The stock has a market capitalization of $501.20 million, a P/E ratio of -0.61, a P/E/G ratio of 0.32 and a beta of 0.62. Sappi has a 1-year low of $0.59 and a 1-year high of $1.72.

About Sappi

Sappi Limited is a global diversified woodfibre group that produces and sells paper, pulp and related biomaterials. The company serves customers across the packaging, publishing, commercial printing, textile and industrial markets.

Its products include graphic papers for books, magazines, catalogs and office applications; packaging and speciality papers for food, beverage, consumer goods and industrial uses; and dissolving pulp used in textiles, nonwoven materials and other cellulose-based products.