Short Interest in Sampo PLC (OTCMKTS:SAXPY) Grows By 3,343.4%

Sampo PLC (OTCMKTS:SAXPY) was the target of a significant growth in short interest in May. As of May 15th, there was short interest totaling 100,342 shares, a growth of 3,343.4% from the April 30th total of 2,914 shares. Based on an average daily volume of 204,843 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.0% of the shares of the stock are sold short.

Analysts Set New Price Targets

SAXPY has been the topic of several recent analyst reports. Barclays upgraded shares of Sampo from an “equal weight” rating to an “overweight” rating in a research report on Wednesday. Zacks Research upgraded shares of Sampo to a “strong sell” rating in a research report on Monday, May 4th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Sampo in a research note on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Sampo Stock Performance

OTCMKTS:SAXPY traded up $0.06 during midday trading on Friday, hitting $21.13. The company’s stock had a trading volume of 47,881 shares, compared to its average volume of 121,686. 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 has a fifty-two week low of $19.93 and a fifty-two week high of $24.43. The firm’s 50 day moving average is $21.28 and its 200-day moving average is $22.21. The firm has a market cap of $112.23 billion, a P/E ratio of 14.67 and a beta of 0.39.

Sampo (OTCMKTS:SAXPY) last released its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.30 EPS for the quarter, topping the consensus estimate of $0.23 by $0.07. The company had revenue of $4.41 billion during the quarter, compared to analysts’ expectations 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.