Sompo Holdings, Inc. Unsponsored ADR (OTCMKTS:SMPNY) Shares Shorted: Short Interest Down 88.9% in October

Sompo Holdings, Inc. Unsponsored ADR (OTCMKTS:SMPNY – Get Free Report) was the recipient of a large drop in short interest in October. As of October 15th, there was short interest totaling 3,059 shares, a drop of 88.9% from the September 30th total of 27,616 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 798,439 shares, the days-to-cover ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Sompo to a “hold” rating in a report on Thursday, September 10th. One analyst has rated the stock with a Hold rating. According to MarketBeat.com, the company currently has an average rating of “Hold”.

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Sompo Stock Up 1.4%

Shares of SMPNY stock traded up $0.30 on Monday, reaching $22.70. The company had a trading volume of 90,545 shares, compared to its average volume of 153,187. The stock has a market capitalization of $42.42 billion, a PE ratio of 8.94 and a beta of 0.29. Sompo has a one year low of $14.41 and a one year high of $23.41. The business’s 50-day moving average is $21.47 and its 200 day moving average is $20.31.

Sompo (OTCMKTS:SMPNY – Get Free Report) last posted its quarterly earnings results on Friday, August 14th. The company reported $0.64 earnings per share for the quarter. The company had revenue of $10.15 billion for the quarter. Sompo had a net margin of 12.35% and a return on equity of 13.62%. On average, sell-side analysts forecast that Sompo will post 2.24 earnings per share for the current fiscal year.

About Sompo

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Sompo Holdings, Inc is a Japan-based insurance and financial services group headquartered in Tokyo. The company operates primarily through property and casualty insurance, international insurance, and nursing care and healthcare-related businesses.

Its domestic operations include Sompo Japan, which provides personal and commercial insurance products such as automobile, fire, marine, accident, and liability coverage. Through Sompo International, the group also offers specialty insurance and reinsurance solutions to businesses and institutions in markets outside Japan.

Sompo additionally operates businesses focused on nursing care, healthcare, and related services in Japan.

Further Reading

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