Sampo PLC (OTCMKTS:SAXPY) Short Interest Up 58.4% in August

Sampo PLC (OTCMKTS:SAXPY) saw a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 29,996 shares, an increase of 58.4% from the July 30th total of 18,934 shares. Based on an average trading volume of 42,971 shares, the short-interest ratio is presently 0.7 days. Currently, 0.0% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SAXPY. Zacks Research raised shares of Sampo from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 30th. The Goldman Sachs Group upgraded shares of Sampo from a “sell” rating to a “buy” rating in a research report on Thursday, July 9th. Kepler Capital Markets upgraded shares of Sampo to a “strong-buy” rating in a research report on Thursday, June 25th. Finally, Barclays upgraded shares of Sampo from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Sampo presently has an average rating of “Moderate Buy”.

Sampo Price Performance

SAXPY stock opened at $22.58 on Thursday. Sampo has a 52 week low of $19.93 and a 52 week high of $24.43. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.31. The company has a fifty day simple moving average of $21.96 and a two-hundred day simple moving average of $21.49. The firm has a market capitalization of $119.93 billion, a P/E ratio of 15.26 and a beta of 0.38.

Sampo (OTCMKTS:SAXPY) last released its earnings results on Wednesday, August 12th. The financial services provider reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.05). The firm had revenue of $3.67 billion during the quarter, compared to analysts’ expectations of $2.96 billion. Analysts anticipate that Sampo will post 1.27 earnings per share for the current fiscal year.

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.