Sappi Ltd. (OTCMKTS:SPPJY) Short Interest Down 57.7% in July

Sappi Ltd. (OTCMKTS:SPPJY) was the target of a significant decrease in short interest during the month of 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. Based on an average daily volume of 29,921 shares, the short-interest ratio is presently 3.6 days. Approximately 0.0% of the company’s shares are sold short.

Sappi Stock Down 2.9%

SPPJY stock opened at $0.90 on Friday. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.35 and a quick ratio of 0.70. The firm has a market capitalization of $544.12 million, a P/E ratio of -0.66 and a beta of 0.58. Sappi has a 52-week low of $0.59 and a 52-week high of $1.74. The company’s 50 day simple moving average is $0.74 and its 200-day simple moving average is $0.94.

Wall Street Analyst Weigh In

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