Short Interest in Sompo Holdings, Inc. Unsponsored ADR (OTCMKTS:SMPNY) Declines By 61.1%

Sompo Holdings, Inc. Unsponsored ADR (OTCMKTS:SMPNY) was the recipient of a large drop in short interest in August. As of August 31st, there was short interest totaling 7,227 shares, a drop of 61.1% from the August 15th total of 18,601 shares. Based on an average daily volume of 119,257 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Sompo to a “hold” rating in a research report on Thursday. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, Sompo currently has a consensus rating of “Hold”.

Sompo Trading Up 3.9%

Shares of SMPNY stock traded up $0.84 during trading hours on Friday, hitting $22.16. The company’s stock had a trading volume of 75,624 shares, compared to its average volume of 75,709. The business has a fifty day moving average of $21.39 and a 200-day moving average of $19.73. Sompo has a twelve month low of $14.41 and a twelve month high of $23.41. The stock has a market cap of $41.41 billion, a price-to-earnings ratio of 8.72 and a beta of 0.29.

Sompo (OTCMKTS:SMPNY) last posted its earnings results on Friday, August 14th. The company reported $0.64 earnings per share (EPS) for the quarter. The firm had revenue of $10.15 billion for the quarter. Sompo had a return on equity of 13.69% and a net margin of 12.35%. On average, equities analysts expect that Sompo will post 2.24 EPS for the current fiscal year.

About Sompo

Sompo Holdings, Inc is a Japanese insurance and financial services group whose principal businesses include domestic property and casualty insurance, overseas insurance, life insurance, and nursing care services. Through its operating companies, the group provides coverage for individuals, businesses, and public-sector organizations, including automobile, home, commercial, marine, and specialty insurance products.

The company also operates life insurance and elder-care businesses, and has expanded into digital services, risk management, and related solutions intended to support customers’ health, safety, and resilience.