Sampo PLC (OTCMKTS:SAXPY) Sees Significant Growth in Short Interest

Sampo PLC (OTCMKTS:SAXPY) was the recipient of a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 28,947 shares, an increase of 97.1% from the November 30th total of 14,687 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 72,233 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 72,233 shares, the short-interest ratio is presently 0.4 days. Currently, 0.0% of the company’s stock are short sold.

Analysts Set New Price Targets

SAXPY has been the subject of several recent research reports. Citigroup reiterated a “neutral” rating on shares of Sampo in a research note on Thursday, November 20th. Keefe, Bruyette & Woods cut Sampo from a “moderate buy” rating to a “hold” rating in a research report on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Sampo Price Performance

Shares of Sampo stock traded down $0.07 on Friday, hitting $24.10. The company’s stock had a trading volume of 15,100 shares, compared to its average volume of 47,563. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $128.73 billion, a P/E ratio of 17.39 and a beta of 0.45. The firm has a fifty day moving average price of $23.14 and a 200-day moving average price of $22.55. Sampo has a 52-week low of $15.70 and a 52-week high of $24.23.

Sampo (OTCMKTS:SAXPY) last posted its earnings results on Wednesday, November 5th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.10. The company had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.27 billion.

Sampo Company Profile

Sampo plc is a Finland-based insurance and financial services group that primarily underwrites property and casualty (P&C) insurance while also offering life insurance and related financial products. The company operates through subsidiaries that provide a mix of retail and corporate insurance solutions, claims handling and risk management services. Its business model emphasizes underwriting discipline and diversified exposure across personal, commercial and specialty insurance lines.

Sampo’s operations include well-known subsidiaries that deliver core products and services: a Nordic P&C insurer that writes motor, property, liability and specialty lines, and a life insurance and wealth management arm that offers savings, pension solutions and asset management services.