Saputo Inc. (OTCMKTS:SAPIF) Sees Large Growth in Short Interest

Saputo Inc. (OTCMKTS:SAPIF) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totalling 2,230,000 shares, an increase of 29.8% from the August 15th total of 1,718,300 shares. Based on an average daily trading volume, of 28,900 shares, the days-to-cover ratio is presently 77.2 days.

Saputo Trading Down 2.4 %

Shares of SAPIF traded down $0.52 during trading hours on Monday, hitting $21.54. 237 shares of the stock were exchanged, compared to its average volume of 34,785. Saputo has a fifty-two week low of $18.45 and a fifty-two week high of $23.50. The business has a 50-day moving average of $22.27 and a 200-day moving average of $20.93.

About Saputo

Saputo Inc produces, markets, and distributes dairy products in Canada, the United States, Argentina, Australia, and the United Kingdom. The company offers cheeses, including mozzarella and cheddar; specialty cheeses, such as ricotta, provolone, blue, parmesan, goat cheese, feta, romano, and havarti; fine cheeses comprising brie and camembert; and other cheeses that include brick, colby, farmer, munster, monterey jack, fresh curd, and processed cheeses.