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

Sampo PLC (OTCMKTS:SAXPY) saw a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 6,198 shares, a decrease of 48.8% from the September 30th total of 12,108 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 291,743 shares, the days-to-cover ratio is currently 0.0 days.

Sampo Trading Up 0.4%

Shares of SAXPY stock opened at $21.18 on Friday. The stock has a market cap of $112.49 billion, a P/E ratio of 14.31 and a beta of 0.38. Sampo has a 1 year low of $19.35 and a 1 year high of $24.43. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.39. The stock has a 50 day simple moving average of $21.04 and a 200 day simple moving average of $21.42.

Sampo (OTCMKTS:SAXPY) last posted its quarterly earnings data on Wednesday, August 12th. The financial services provider reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.05). The business had revenue of $3.67 billion during the quarter, compared to analysts’ expectations of $2.96 billion. On average, research analysts predict that Sampo will post 1.23 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, The Goldman Sachs Group raised shares of Sampo from a “sell” rating to a “buy” rating in a report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Sampo presently has a consensus rating of “Moderate Buy”.

Sampo Company Profile

Sampo Oyj is a Finnish insurance group headquartered in Helsinki. The company focuses on property and casualty insurance, serving private individuals, businesses and institutional customers across the Nordic countries, the Baltic region and the United Kingdom.

Sampo’s principal operations include If P&C Insurance, one of the largest non-life insurers in the Nordic region, and Hastings, a specialist provider of motor and home insurance in the United Kingdom. The group has also expanded its presence in Denmark through Topdanmark, which offers property, casualty and life insurance products to retail and commercial customers.

Sampo traces its roots to Finland and has developed from a broader financial-services group into a focused insurance business.