Short Interest in Sampo PLC (OTCMKTS:SAXPY) Decreases By 66.8%

Sampo PLC (OTCMKTS:SAXPY) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totaling 18,934 shares, a decline of 66.8% from the July 15th total of 57,075 shares. Based on an average trading volume of 116,055 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are sold short.

Sampo Trading Up 1.3%

OTCMKTS:SAXPY opened at $22.45 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.30 and a quick ratio of 0.30. Sampo has a fifty-two week low of $19.93 and a fifty-two week high of $24.43. The stock’s 50-day moving average is $21.48 and its two-hundred day moving average is $21.44. The stock has a market cap of $119.24 billion, a PE ratio of 15.17 and a beta of 0.39.

Sampo (OTCMKTS:SAXPY) last posted its quarterly earnings results on Wednesday, August 12th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.05). The firm had revenue of $3.67 billion for the quarter, compared to analyst estimates of $2.96 billion. As a group, equities research analysts forecast that Sampo will post 1.28 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.