Sompo Holdings, Inc. Unsponsored ADR (OTCMKTS:SMPNY) Stock Short Interest Falls 88.9%

Sompo Holdings, Inc. Unsponsored ADR (OTCMKTS:SMPNY) was the target of a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 3,059 shares, a decrease of 88.9% from the September 30th total of 27,616 shares. Based on an average trading volume of 798,439 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

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

Sompo Stock Performance

Sompo stock traded down $1.04 during mid-day trading on Wednesday, reaching $21.61. 10,350 shares of the company’s stock were exchanged, compared to its average volume of 152,101. Sompo has a one year low of $14.41 and a one year high of $23.41. The business’s fifty day simple moving average is $21.52 and its 200 day simple moving average is $19.80.

Sompo (OTCMKTS:SMPNY) last announced its quarterly earnings results on Friday, August 14th. The company reported $0.64 EPS for the quarter. The business had revenue of $10.15 billion for the quarter. As a group, analysts anticipate that Sompo will post 2.24 EPS for the current year.

Sompo Company Profile

Sompo Holdings, Inc is a Japan-based insurance and financial services group headquartered in Tokyo. The company operates primarily through property and casualty insurance, international insurance, and nursing care and healthcare-related businesses.

Its domestic operations include Sompo Japan, which provides personal and commercial insurance products such as automobile, fire, marine, accident, and liability coverage. Through Sompo International, the group also offers specialty insurance and reinsurance solutions to businesses and institutions in markets outside Japan.

Sompo additionally operates businesses focused on nursing care, healthcare, and related services in Japan.