Sappi Limited (OTCMKTS:SPPJY) Short Interest Update

Sappi Limited (OTCMKTS:SPPJY) was the recipient of a significant decline in short interest in December. As of December 15th, there was short interest totalling 100 shares, a decline of 96.7% from the November 30th total of 3,000 shares. Based on an average trading volume of 1,300 shares, the days-to-cover ratio is currently 0.1 days.

Sappi Stock Down 3.0 %

OTCMKTS:SPPJY traded down $0.13 during mid-day trading on Friday, reaching $2.61. The company’s stock had a trading volume of 7,551 shares, compared to its average volume of 3,351. The company has a quick ratio of 0.87, a current ratio of 1.50 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $1.46 billion, a PE ratio of 87.03 and a beta of 1.04. The stock has a fifty day moving average of $2.86 and a 200-day moving average of $2.77. Sappi has a 1 year low of $2.03 and a 1 year high of $3.20.

Sappi Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Friday, January 10th will be paid a dividend of $0.1082 per share. The ex-dividend date of this dividend is Friday, January 10th. Sappi’s dividend payout ratio is presently 333.33%.

About Sappi

Sappi Limited, together with its subsidiaries, engages in the provision of materials made from woodfiber-based renewable resources in Europe, North America, and South Africa. The company manufacture and sells dissolving pulp, and wood and paper pulp; graphic papers, coated and uncoated papers, and casting and release papers; and packaging and specialty papers, including packaging and specialty papers, including flexible packaging papers, label papers, functional paper packaging products, containerboards, paperboards, silicone base papers, and dye sublimation papers.