Saputo Inc. (OTCMKTS:SAPIF – Get Free Report) was the recipient of a large drop in short interest during the month of April. As of April 30th, there was short interest totaling 1,164,724 shares, a drop of 38.7% from the April 15th total of 1,898,767 shares. Based on an average trading volume of 177,836 shares, the short-interest ratio is presently 6.5 days.
Saputo Price Performance
Shares of OTCMKTS SAPIF opened at $28.68 on Friday. Saputo has a 1 year low of $18.14 and a 1 year high of $32.49. The firm has a 50-day simple moving average of $30.34 and a two-hundred day simple moving average of $29.47.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on SAPIF. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Saputo in a report on Monday, February 2nd. TD Securities reaffirmed a “buy” rating on shares of Saputo in a report on Monday, February 9th. BMO Capital Markets reaffirmed a “market perform” rating on shares of Saputo in a report on Monday, February 9th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Saputo in a report on Monday, February 9th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.
Saputo Company Profile
Saputo Inc, trading on OTC Markets under the symbol SAPIF, is a Canada‐based dairy processor engaged in the manufacturing, marketing and distribution of a broad array of dairy products. The company’s portfolio spans cheese, fluid milk, cultured products such as yogurt and sour cream, and a range of dairy ingredients including whey proteins and lactose. Headquartered in Montreal, Quebec, Saputo serves both retail consumers and foodservice clients, supplying branded and private‐label offerings in North America and beyond.
Founded in 1954 by the Saputo family, the company has grown from a single cheesemaking facility into one of the world’s largest dairy processors.
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