Short Interest in Sampo PLC (OTCMKTS:SAXPY) Drops By 65.2%

Sampo PLC (OTCMKTS:SAXPY) was the recipient of a large decline in short interest in the month of 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. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 261,684 shares, the short-interest ratio is currently 0.1 days.

Sampo Stock Up 0.7%

OTCMKTS:SAXPY traded up $0.14 during trading hours on Monday, reaching $20.85. The company had a trading volume of 25,313 shares, compared to its average volume of 123,496. 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 firm has a market cap of $110.74 billion, a price-to-earnings ratio of 14.48 and a beta of 0.39. The business’s 50-day simple moving average is $20.97 and its two-hundred day simple moving average is $21.85. Sampo has a twelve month low of $19.93 and a twelve month high of $24.43.

Sampo (OTCMKTS:SAXPY) last announced its quarterly earnings data 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 analyst estimates of $4.48 billion. On average, equities analysts expect that Sampo will post 1.3 earnings per share for the current year.

Wall Street Analyst Weigh In

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