Short Interest in Sampo PLC (OTCMKTS:SAXPY) Increases By 3,343.4%

Sampo PLC (OTCMKTS:SAXPY) was the target of a significant increase in short interest in May. As of May 15th, there was short interest totaling 100,342 shares, an increase of 3,343.4% from the April 30th total of 2,914 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 204,843 shares, the days-to-cover ratio is presently 0.5 days.

Analysts Set New Price Targets

A number of research analysts recently commented on SAXPY shares. Zacks Research raised Sampo to a “strong sell” rating in a research note on Monday, May 4th. Citigroup reaffirmed a “neutral” rating on shares of Sampo in a research note on Friday, April 24th. Finally, Barclays upgraded Sampo from an “equal weight” rating to an “overweight” rating in a research report on Wednesday. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold”.

Sampo Price Performance

Sampo stock traded up $0.19 during midday trading on Wednesday, reaching $21.47. The company’s stock had a trading volume of 64,678 shares, compared to its average volume of 96,644. Sampo has a 52 week low of $19.93 and a 52 week high of $24.43. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.34. The business has a 50-day moving average price of $21.31 and a 200-day moving average price of $22.23. The stock has a market cap of $114.03 billion, a PE ratio of 14.91 and a beta of 0.39.

Sampo (OTCMKTS:SAXPY) last released its earnings results on Wednesday, May 6th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.07. The business had revenue of $4.41 billion during the quarter, compared to the consensus estimate of $4.48 billion. On average, sell-side analysts predict that Sampo will post 1.3 EPS for the current year.

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.