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

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

Analysts Set New Price Targets

Separately, Zacks Research raised Sompo to a “hold” rating in a report on Thursday. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of “Hold”.

Sompo Price Performance

Sompo stock opened at $22.16 on Monday. Sompo has a 12-month low of $14.41 and a 12-month high of $23.41. The business’s 50-day moving average price is $21.39 and its two-hundred day moving average price is $19.74. The stock has a market cap of $41.41 billion, a PE 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 EPS for the quarter. Sompo had a net margin of 12.35% and a return on equity of 13.69%. The firm had revenue of $10.15 billion during the quarter. As a group, analysts expect that Sompo will post 2.24 earnings per share for the current year.

Sompo Company Profile

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.