Sampo PLC (OTCMKTS:SAXPY) Short Interest Up 308.9% in July

Sampo PLC (OTCMKTS:SAXPY) saw a large growth in short interest in July. As of July 15th, there was short interest totaling 57,075 shares, a growth of 308.9% from the June 30th total of 13,957 shares. Based on an average daily trading volume, of 86,717 shares, the short-interest ratio is presently 0.7 days. Currently, 0.0% of the company’s stock are sold short.

Analysts Set New Price Targets

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

Sampo Stock Performance

SAXPY opened at $21.86 on Friday. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.31. The company has a market cap of $116.11 billion, a price-to-earnings ratio of 15.18 and a beta of 0.40. Sampo has a 52-week low of $19.93 and a 52-week high of $24.43. The firm’s fifty day simple moving average is $21.21 and its two-hundred day simple moving average is $21.55.

Sampo (OTCMKTS:SAXPY) last announced its earnings results on Wednesday, May 6th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.07. The company had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.48 billion. Equities analysts anticipate that Sampo will post 1.3 earnings per share for the current fiscal 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.