Sompo Holdings, Inc. Unsponsored ADR (OTCMKTS:SMPNY) Shares Shorted: Short Interest Down 88.9% in October

Sompo Holdings, Inc. Unsponsored ADR (OTCMKTS:SMPNY – Get Free Report) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totaling 3,059 shares, a drop of 88.9% from the September 30th total of 27,616 shares. Based on an average daily volume of 798,439 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Sompo Stock Up 1.4%

Shares of SMPNY traded up $0.30 during trading hours on Monday, hitting $22.70. 90,545 shares of the company were exchanged, compared to its average volume of 153,187. Sompo has a fifty-two week low of $14.41 and a fifty-two week high of $23.41. The company has a market cap of $42.42 billion, a price-to-earnings ratio of 8.94 and a beta of 0.29. The firm’s fifty day moving average is $21.47 and its 200 day moving average is $20.31.

Sompo (OTCMKTS:SMPNY – Get Free Report) last posted its quarterly earnings data on Friday, August 14th. The company reported $0.64 earnings per share for the quarter. The business had revenue of $10.15 billion during the quarter. Sompo had a net margin of 12.35% and a return on equity of 13.62%. Analysts anticipate that Sompo will post 2.24 EPS for the current year.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Sompo to a “hold” rating in a research note on Thursday, September 10th. One investment analyst has rated the stock with a Hold rating. According to data from MarketBeat, the company has a consensus rating of “Hold”.

Read Our Latest Analysis on SMPNY

About Sompo

(Get Free Report)

Sompo Holdings, Inc is a Japan-based insurance and financial services group headquartered in Tokyo. The company operates primarily through property and casualty insurance, international insurance, and nursing care and healthcare-related businesses.

Its domestic operations include Sompo Japan, which provides personal and commercial insurance products such as automobile, fire, marine, accident, and liability coverage. Through Sompo International, the group also offers specialty insurance and reinsurance solutions to businesses and institutions in markets outside Japan.

Sompo additionally operates businesses focused on nursing care, healthcare, and related services in Japan.

Further Reading

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