Saputo Inc. (OTCMKTS:SAPIF) Short Interest Update

Saputo Inc. (OTCMKTS:SAPIF) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 2,305,552 shares, a growth of 83.9% from the May 14th total of 1,253,971 shares. Based on an average trading volume of 178,676 shares, the short-interest ratio is currently 12.9 days.

Wall Street Analyst Weigh In

Separately, Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Saputo in a research report on Monday, June 8th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Saputo presently has an average rating of “Moderate Buy”.

Saputo Stock Performance

Saputo stock opened at $29.94 on Monday. The stock’s 50 day moving average price is $29.94 and its 200 day moving average price is $30.13. Saputo has a 1-year low of $19.33 and a 1-year high of $32.49.

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.