Short Interest in Sappi Limited (OTCMKTS:SPPJY) Increases By 2,400.0%

Sappi Limited (OTCMKTS:SPPJY) saw a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 2,500 shares, a growth of 2,400.0% from the December 15th total of 100 shares. Based on an average daily volume of 4,300 shares, the days-to-cover ratio is currently 0.6 days.

Sappi Trading Down 0.8 %

SPPJY stock traded down $0.02 during mid-day trading on Monday, hitting $2.58. 1,848 shares of the company were exchanged, compared to its average volume of 1,874. Sappi has a 12-month low of $2.03 and a 12-month high of $3.20. The firm has a market capitalization of $1.44 billion, a P/E ratio of 86.03 and a beta of 1.03. The business has a fifty day simple moving average of $2.83 and a 200-day simple moving average of $2.77. The company has a quick ratio of 0.87, a current ratio of 1.50 and a debt-to-equity ratio of 0.60.

Sappi Cuts Dividend

The company also recently announced a dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Friday, January 10th will be given a $0.1082 dividend. The ex-dividend date of this dividend is Friday, January 10th. Sappi’s dividend payout ratio is currently 333.33%.

Sappi Company Profile

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.