Sompo Holdings, Inc. Unsponsored ADR (OTCMKTS:SMPNY) Stock Short Interest Rises 394.5%

Sompo Holdings, Inc. Unsponsored ADR (OTCMKTS:SMPNY) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 35,735 shares, a growth of 394.5% from the August 31st total of 7,227 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 170,617 shares, the days-to-cover ratio is currently 0.2 days.

Sompo Price Performance

Shares of SMPNY opened at $21.78 on Friday. Sompo has a one year low of $14.41 and a one year high of $23.41. The company’s fifty day moving average price is $21.70 and its 200 day moving average price is $19.93. The company has a market capitalization of $40.70 billion, a PE ratio of 8.57 and a beta of 0.29.

Sompo (OTCMKTS:SMPNY) last released its earnings results on Friday, August 14th. The company reported $0.64 earnings per share for the quarter. The firm had revenue of $10.15 billion for the quarter. Sompo had a return on equity of 13.62% and a net margin of 12.35%. Analysts anticipate that Sompo will post 2.24 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Sompo to a “hold” rating in a research report on Thursday, September 10th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

About Sompo

Sompo Holdings, Inc is a Japanese insurance and financial services group whose principal businesses include domestic property and casualty insurance, overseas insurance, life insurance, and nursing care services. Through its operating companies, the group provides coverage for individuals, businesses, and public-sector organizations, including automobile, home, commercial, marine, and specialty insurance products.

The company also operates life insurance and elder-care businesses, and has expanded into digital services, risk management, and related solutions intended to support customers’ health, safety, and resilience.