Saputo Inc. (OTCMKTS:SAPIF) Short Interest Update

Saputo Inc. (OTCMKTS:SAPIF) was the recipient of a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 1,164,724 shares, a drop of 38.7% from the April 15th total of 1,898,767 shares. Based on an average daily volume of 177,836 shares, the short-interest ratio is presently 6.5 days.

Analyst Ratings Changes

SAPIF has been the subject of a number of research analyst reports. BMO Capital Markets reiterated a “market perform” rating on shares of Saputo in a research note on Monday, February 9th. Scotiabank reissued an “outperform” rating on shares of Saputo in a report on Monday, February 9th. TD Securities reissued a “buy” rating on shares of Saputo in a research report on Monday, February 9th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Saputo in a report on Monday, February 2nd. Five analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Saputo Price Performance

Shares of SAPIF stock traded up $0.09 during trading hours on Monday, hitting $28.76. 941 shares of the company’s stock traded hands, compared to its average volume of 85,127. Saputo has a 12 month low of $18.14 and a 12 month high of $32.49. The stock’s 50 day simple moving average is $30.34 and its 200 day simple moving average is $29.51.

Saputo Company Profile

Saputo Inc, trading on OTC Markets under the symbol SAPIF, is a Canada‐based dairy processor engaged in the manufacturing, marketing and distribution of a broad array of dairy products. The company’s portfolio spans cheese, fluid milk, cultured products such as yogurt and sour cream, and a range of dairy ingredients including whey proteins and lactose. Headquartered in Montreal, Quebec, Saputo serves both retail consumers and foodservice clients, supplying branded and private‐label offerings in North America and beyond.

Founded in 1954 by the Saputo family, the company has grown from a single cheesemaking facility into one of the world’s largest dairy processors.