Sappi Ltd. (OTCMKTS:SPPJY) Short Interest Down 43.1% in August

Sappi Ltd. (OTCMKTS:SPPJY) saw a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 61,422 shares, a decrease of 43.1% from the July 30th total of 107,969 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 5,086 shares, the short-interest ratio is presently 12.1 days.

Analyst Ratings Changes

Separately, Zacks Research raised shares of 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, According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Sappi Price Performance

OTCMKTS SPPJY traded up $0.04 during mid-day trading on Monday, hitting $0.97. The stock had a trading volume of 5,000 shares, compared to its average volume of 14,473. Sappi has a 52-week low of $0.59 and a 52-week high of $1.74. The company has a quick ratio of 0.70, a current ratio of 1.35 and a debt-to-equity ratio of 0.91. The company has a 50 day simple moving average of $0.78 and a 200 day simple moving average of $0.92. The company has a market cap of $587.17 million, a price-to-earnings ratio of -0.71 and a beta of 0.58.

About Sappi

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.