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

Sampo PLC (OTCMKTS:SAXPY) was the recipient of a significant increase in short interest during 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. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 72,233 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily trading volume, of 72,233 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.0% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Citigroup reaffirmed a “neutral” rating on shares of Sampo in a research report on Thursday, November 20th. Keefe, Bruyette & Woods cut shares of Sampo from a “moderate buy” rating to a “hold” rating in a report on Monday, November 10th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Sampo has a consensus rating of “Moderate Buy”.

Sampo Stock Down 0.3%

Shares of OTCMKTS SAXPY traded down $0.07 during midday trading on Friday, reaching $24.10. 15,100 shares of the company’s stock traded hands, compared to its average volume of 47,563. The company has a market cap of $128.73 billion, a price-to-earnings ratio of 17.39 and a beta of 0.45. The stock’s 50 day simple moving average is $23.14 and its 200-day simple moving average is $22.56. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.35. Sampo has a one year low of $15.70 and a one year 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 for the quarter, topping analysts’ consensus estimates of $0.22 by $0.10. The company had revenue of $2.61 billion for 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.