Sappi Ltd. (OTCMKTS:SPPJY – Get Free Report) was the target of a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 61,422 shares, a decrease of 43.1% from the July 30th total of 107,969 shares. Based on an average daily volume of 5,086 shares, the days-to-cover ratio is presently 12.1 days. Approximately 0.0% of the shares of the stock are sold short.
Wall Street Analysts Forecast Growth
Separately, Zacks Research raised Sappi from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 28th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Sappi currently has an average rating of “Hold”.
Get Our Latest Report on SPPJY
Sappi Stock Up 3.7%
About Sappi
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.
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