Short Interest in Sompo Holdings, Inc. Unsponsored ADR (OTCMKTS:SMPNY) Expands By 73.6%

Sompo Holdings, Inc. Unsponsored ADR (OTCMKTS:SMPNYGet Free Report) was the target of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 146,378 shares, an increase of 73.6% from the April 30th total of 84,322 shares. Based on an average daily volume of 234,140 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.0% of the company’s stock are short sold.

Sompo Stock Up 0.9%

Sompo stock traded up $0.17 during midday trading on Tuesday, hitting $18.58. 278,948 shares of the stock were exchanged, compared to its average volume of 195,305. Sompo has a 52-week low of $13.93 and a 52-week high of $20.59. The stock has a market capitalization of $34.72 billion, a price-to-earnings ratio of 7.94 and a beta of 0.32. The business’s 50-day moving average price is $18.68 and its 200-day moving average price is $17.92.

Sompo (OTCMKTS:SMPNYGet Free Report) last released its quarterly earnings results on Wednesday, May 20th. The company reported $0.44 earnings per share for the quarter. The business had revenue of $8.84 billion for the quarter. Sompo had a net margin of 11.95% and a return on equity of 13.42%.

Sompo Company Profile

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Sompo Holdings, Inc (OTCMKTS:SMPNY) is a Tokyo-based insurance holding company that provides a broad range of risk-transfer and risk-management products and services. The group’s core operations include property and casualty insurance for individuals and businesses, life insurance products, and related services such as claims handling, medical and nursing-care services, and assistance solutions. Sompo serves both retail and commercial customers with offerings that commonly include motor, homeowners, commercial property, liability, and specialty insurance lines.

In addition to its domestic Japanese business, Sompo has built a significant international footprint through subsidiaries and acquisitions, operating in regions including the Americas, Europe, Asia and Australia.

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