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

Sompo Holdings, Inc. Unsponsored ADR (OTCMKTS:SMPNY) was the target of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 27,400 shares, a drop of 49.7% from the August 31st total of 54,500 shares. Based on an average daily volume of 171,700 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 171,700 shares, the days-to-cover ratio is currently 0.2 days.

Sompo Stock Performance

OTCMKTS:SMPNY opened at $15.16 on Friday. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.18. Sompo has a 1-year low of $10.30 and a 1-year high of $17.05. The stock has a fifty day simple moving average of $15.78 and a 200 day simple moving average of $15.42. The firm has a market capitalization of $28.33 billion, a price-to-earnings ratio of 10.17 and a beta of 0.39.

Sompo (OTCMKTS:SMPNY) last released its earnings results on Thursday, August 14th. The company reported $0.44 earnings per share for the quarter. Sompo had a return on equity of 13.04% and a net margin of 8.14%.The company had revenue of $8.75 billion for the quarter. Sell-side analysts forecast that Sompo will post 0.97 earnings per share for the current year.

About Sompo

Sompo Holdings, Inc provides property and casualty (P&C) insurance services in Japan and internationally. The company operates through Domestic P&C Insurance Business, Overseas Insurance Business, Domestic Life Insurance Business, and Nursing Care & Seniors Business segments. It offers various P&C insurance products, including automobile, fire, personal accident, and marine, as well as security, risk management, assistance, and warranty services; and life insurance products.