Sampo PLC (OTCMKTS:SAXPY) Sees Large Decrease in Short Interest

Sampo PLC (OTCMKTS:SAXPY) was the recipient of a significant drop in short interest in the month of July. As of July 31st, there was short interest totaling 18,934 shares, a drop of 66.8% from the July 15th total of 57,075 shares. Based on an average daily trading volume, of 116,055 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the shares of the company are sold short.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on SAXPY shares. The Goldman Sachs Group raised shares of Sampo from a “sell” rating to a “buy” rating in a report on Thursday, July 9th. Barclays upgraded shares of Sampo from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, May 27th. Zacks Research raised shares of Sampo from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 30th. Kepler Capital Markets upgraded shares of Sampo to a “strong-buy” rating in a research report on Thursday, June 25th. Finally, Citigroup restated a “neutral” rating on shares of Sampo in a research note on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Sampo Stock Performance

Shares of OTCMKTS:SAXPY traded up $0.29 on Friday, hitting $22.45. The company’s stock had a trading volume of 18,733 shares, compared to its average volume of 107,985. The company has a market capitalization of $119.24 billion, a price-to-earnings ratio of 15.17 and a beta of 0.39. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.30 and a current ratio of 0.30. Sampo has a 12 month low of $19.93 and a 12 month high of $24.43. The stock’s 50-day moving average is $21.44 and its two-hundred day moving average is $21.43.

Sampo (OTCMKTS:SAXPY) last issued its quarterly earnings data on Wednesday, August 12th. The financial services provider reported $0.33 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.07). The company had revenue of $3.67 billion for the quarter, compared to analyst estimates of $2.96 billion. On average, equities research analysts forecast that Sampo will post 1.28 EPS for the current 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.