Sampo PLC (OTCMKTS:SAXPY) Short Interest Update

Sampo PLC (OTCMKTS:SAXPY) was the recipient of a significant decline in short interest in the month of July. As of July 31st, there was short interest totaling 18,934 shares, a decline of 66.8% from the July 15th total of 57,075 shares. Based on an average trading volume of 116,055 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are short sold.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SAXPY. Kepler Capital Markets upgraded shares of Sampo to a “strong-buy” rating in a report on Thursday, June 25th. Citigroup reiterated a “neutral” rating on shares of Sampo in a research note on Friday, April 24th. The Goldman Sachs Group raised Sampo from a “sell” rating to a “buy” rating in a report on Thursday, July 9th. Zacks Research upgraded Sampo from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 30th. Finally, Barclays raised Sampo from an “equal weight” rating to an “overweight” rating in a report on Wednesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Sampo presently has an average rating of “Moderate Buy”.

Sampo Price Performance

OTCMKTS SAXPY opened at $22.45 on Friday. Sampo has a 12 month low of $19.93 and a 12 month high of $24.43. The stock has a market cap of $119.24 billion, a price-to-earnings ratio of 15.17 and a beta of 0.39. The company’s 50 day moving average is $21.48 and its two-hundred day moving average is $21.44. 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 (OTCMKTS:SAXPY) last issued its quarterly earnings results on Wednesday, August 12th. The financial services provider reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.05). The business had revenue of $3.67 billion for the quarter, compared to analyst estimates of $2.96 billion. As a group, research analysts anticipate that Sampo will post 1.28 earnings per share 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.