Short Interest in Sappi Limited (OTCMKTS:SPPJY) Declines By 96.7%

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

Sappi Stock Down 1.8 %

OTCMKTS:SPPJY traded down $0.05 during trading hours on Thursday, hitting $2.69. 2,005 shares of the company traded hands, compared to its average volume of 3,325. The firm’s 50-day simple moving average is $2.87 and its 200-day simple moving average is $2.77. The company has a market cap of $1.51 billion, a PE ratio of 89.70 and a beta of 1.05. 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 has a one year low of $2.03 and a one year high of $3.20.

Sappi Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Friday, January 10th will be paid a $0.1082 dividend. The ex-dividend date of this dividend is Friday, January 10th. Sappi’s dividend payout ratio (DPR) is 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.