Short Interest in Sampo PLC (OTCMKTS:SAXPY) Rises By 308.9%

Sampo PLC (OTCMKTS:SAXPY) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 57,075 shares, an increase of 308.9% from the June 30th total of 13,957 shares. Based on an average daily volume of 86,717 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.0% of the company’s stock are short sold.

Analyst Ratings Changes

SAXPY has been the subject of several recent analyst reports. Barclays raised Sampo from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, May 27th. Kepler Capital Markets raised Sampo to a “strong-buy” rating in a research note on Thursday, June 25th. The Goldman Sachs Group upgraded Sampo from a “sell” rating to a “buy” rating in a research report on Thursday, July 9th. Zacks Research upgraded Sampo from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 30th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Sampo in a research note on Friday, April 24th. One research 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Sampo Trading Down 0.0%

Shares of OTCMKTS:SAXPY opened at $21.85 on Tuesday. The firm has a fifty day moving average of $21.22 and a two-hundred day moving average of $21.52. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.31. Sampo has a 12-month low of $19.93 and a 12-month high of $24.43. The firm has a market capitalization of $116.05 billion, a P/E ratio of 15.17 and a beta of 0.40.

Sampo (OTCMKTS:SAXPY) last posted its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.07. The company had revenue of $4.41 billion during the quarter, compared to analyst estimates of $4.48 billion. On average, equities analysts expect that Sampo will post 1.3 EPS for the current fiscal year.

About Sampo

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.