Sompo Holdings, Inc. Unsponsored ADR (OTCMKTS:SMPNY) Sees Significant Growth in Short Interest

Sompo Holdings, Inc. Unsponsored ADR (OTCMKTS:SMPNY) was the recipient of a large increase in short interest in October. As of October 30th, there was short interest totaling 62,629 shares, an increase of 1,947.4% from the October 15th total of 3,059 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 123,252 shares, the days-to-cover ratio is presently 0.5 days.

Sompo Stock Performance

Shares of Sompo stock remained flat at $22.43 during midday trading on Thursday. 13,132 shares of the company traded hands, compared to its average volume of 155,099. The business has a 50 day simple moving average of $21.78 and a two-hundred day simple moving average of $20.05. The stock has a market capitalization of $41.91 billion, a PE ratio of 8.83 and a beta of 0.30. Sompo has a 12 month low of $14.55 and a 12 month high of $23.44.

Sompo (OTCMKTS:SMPNY) last posted its earnings results on Friday, August 14th. The company reported $0.64 earnings per share for the quarter. Sompo had a net margin of 12.35% and a return on equity of 13.62%. The firm had revenue of $10.15 billion for the quarter. As a group, equities research analysts predict that Sompo will post 2.24 earnings per share for the current year.

Analyst Ratings Changes

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

Sompo Company Profile

Sompo Holdings, Inc. is a Japan-based insurance and financial services group. Its main businesses include property and casualty insurance, life insurance, and nursing care services, serving individuals, businesses, and institutional customers. The group’s insurance operations include Sompo Japan Insurance, which offers coverage such as automobile, fire, and other commercial and personal insurance, and Sompo Himawari Life Insurance, which provides life and health-related products. Sompo also operates nursing care and senior-care services through Sompo Care.