Sompo Holdings, Inc. Unsponsored ADR (OTCMKTS:SMPNY) Sees Large Decline in Short Interest

Sompo Holdings, Inc. Unsponsored ADR (OTCMKTS:SMPNY) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 7,227 shares, a decline of 61.1% from the August 15th total of 18,601 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 119,257 shares, the days-to-cover ratio is currently 0.1 days.

Analyst Ratings Changes

Separately, Zacks Research raised Sompo to a “hold” rating in a report on Thursday, September 10th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Sompo Stock Performance

Shares of Sompo stock opened at $22.62 on Tuesday. The stock has a market capitalization of $42.27 billion, a P/E ratio of 8.91 and a beta of 0.29. Sompo has a 52-week low of $14.41 and a 52-week high of $23.41. The stock’s 50-day simple moving average is $21.42 and its 200 day simple moving average is $19.76.

Sompo (OTCMKTS:SMPNY) last posted its earnings results on Friday, August 14th. The company reported $0.64 earnings per share for the quarter. Sompo had a net margin of 12.35% and a return on equity of 13.69%. The firm had revenue of $10.15 billion during the quarter. Equities research analysts forecast that Sompo will post 2.24 EPS for the current fiscal year.

About Sompo

Sompo Holdings, Inc is a Japanese insurance and financial services group whose principal businesses include domestic property and casualty insurance, overseas insurance, life insurance, and nursing care services. Through its operating companies, the group provides coverage for individuals, businesses, and public-sector organizations, including automobile, home, commercial, marine, and specialty insurance products.

The company also operates life insurance and elder-care businesses, and has expanded into digital services, risk management, and related solutions intended to support customers’ health, safety, and resilience.