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

Sampo PLC (OTCMKTS:SAXPY) was the target of a large drop in short interest in June. As of June 15th, there was short interest totaling 27,896 shares, a drop of 65.2% from the May 31st total of 80,128 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 261,684 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Zacks Research raised Sampo to a “strong sell” rating in a research note on Monday, May 4th. Barclays raised shares of Sampo from an “equal weight” rating to an “overweight” rating in a report on Wednesday, May 27th. Finally, Citigroup restated a “neutral” rating on shares of Sampo in a research report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Sampo Trading Up 1.1%

Shares of OTCMKTS:SAXPY traded up $0.22 during trading on Friday, reaching $20.71. The company’s stock had a trading volume of 86,848 shares, compared to its average volume of 129,645. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.31. Sampo has a 12 month low of $19.93 and a 12 month high of $24.43. The firm’s 50 day simple moving average is $20.97 and its two-hundred day simple moving average is $21.86. The stock has a market capitalization of $110.00 billion, a PE ratio of 14.38 and a beta of 0.39.

Sampo (OTCMKTS:SAXPY) last released its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.30 EPS for the quarter, topping the consensus estimate of $0.23 by $0.07. The company had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.48 billion. On average, research analysts predict that Sampo will post 1.3 EPS for the current fiscal 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.