Short Interest in Sampo PLC (OTCMKTS:SAXPY) Drops By 86.9%

Sampo PLC (OTCMKTS:SAXPY) saw a large decline in short interest in April. As of April 30th, there was short interest totaling 2,914 shares, a decline of 86.9% from the April 15th total of 22,305 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 132,505 shares, the short-interest ratio is presently 0.0 days.

Analyst Ratings Changes

SAXPY has been the subject of a number of analyst reports. Barclays upgraded shares of Sampo to a “hold” rating in a research note on Tuesday, January 13th. Citigroup reissued a “neutral” rating on shares of Sampo in a research report on Friday, April 24th. Finally, Zacks Research upgraded shares of Sampo to a “strong sell” rating in a report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Sampo has an average rating of “Hold”.

Sampo Stock Performance

Shares of Sampo stock traded down $0.26 during trading on Wednesday, hitting $20.63. 109,016 shares of the company’s stock traded hands, compared to its average volume of 126,636. Sampo has a 1 year low of $19.93 and a 1 year high of $24.43. The business has a 50-day simple moving average of $21.34 and a 200-day simple moving average of $22.32. The stock has a market capitalization of $109.57 billion, a P/E ratio of 14.33 and a beta of 0.39. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.30 and a quick ratio of 0.30.

Sampo (OTCMKTS:SAXPY) last issued its earnings results on Wednesday, May 6th. The financial services provider reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.07. The business had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.48 billion. As a group, analysts forecast that Sampo will post 1.11 EPS for the current year.

About Sampo

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.