Sampo PLC (OTCMKTS:SAXPY) Sees Large Drop in Short Interest

Sampo PLC (OTCMKTS:SAXPY) was the recipient of a significant drop in short interest in April. As of April 30th, there was short interest totaling 2,914 shares, a drop of 86.9% from the April 15th total of 22,305 shares. Based on an average daily volume of 132,505 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

Sampo Trading Down 0.1%

Shares of SAXPY opened at $20.76 on Tuesday. The company’s fifty day simple moving average is $21.36 and its 200-day simple moving average is $22.34. The company has a market cap of $110.26 billion, a P/E ratio of 14.42 and a beta of 0.39. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.34. Sampo has a twelve month low of $19.93 and a twelve month high of $24.43.

Sampo (OTCMKTS:SAXPY) last released its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.07. The firm had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.48 billion. As a group, analysts expect that Sampo will post 1.11 EPS for the current year.

Analyst Ratings Changes

SAXPY has been the subject of several research reports. Zacks Research upgraded shares of Sampo to a “strong sell” rating in a research report on Monday, May 4th. Citigroup restated a “neutral” rating on shares of Sampo in a research report on Friday, April 24th. Finally, Barclays upgraded Sampo to a “hold” rating in a research report on Tuesday, January 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold”.

About Sampo

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.