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

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

Sampo Price Performance

Shares of SAXPY stock traded up $0.22 during mid-day trading on Friday, hitting $20.71. The company had a trading volume of 86,848 shares, compared to its average volume of 129,645. Sampo has a 52-week low of $19.93 and a 52-week high of $24.43. The stock’s 50 day moving average price is $20.97 and its 200-day moving average price is $21.86. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.30 and a quick ratio of 0.30. The company has a market capitalization of $110.00 billion, a P/E ratio of 14.38 and a beta of 0.39.

Sampo (OTCMKTS:SAXPY) last posted its earnings results on Wednesday, May 6th. The financial services provider reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.07. The company had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.48 billion. Equities research analysts forecast that Sampo will post 1.3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.