Sappi Limited Price & Performance (SPPJY)

Sappi Limited saw a notable 20.2% jump in short interest during March, reaching 11,900 shares by month-end. Despite this, the company’s fundamentals remain steady, with a debt-to-equity ratio of 0.57 and a current ratio of 1.52, suggesting manageable leverage and liquidity even as market sentiment shifts.12

Ninety One SA (Pty) Ltd has disclosed an increased aggregate interest in Sappi, now amounting to 11.38% of the company’s ordinary shares. This signals ongoing institutional confidence in Sappi, even as the company navigates a challenging market environment and share price volatility.34

Sappi reported first quarter sales of $1.36 billion, up from $1.27 billion a year earlier, and delivered adjusted EBITDA of $203 million. The company cited ongoing macroeconomic pressures and rising net debt, but its performance outpaced forecasts, reflecting effective cost management and operational resilience.56