Sampo PLC (OTCMKTS:SAXPY) Short Interest Update

Sampo PLC (OTCMKTS:SAXPY) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 100,342 shares, a growth of 3,343.4% from the April 30th total of 2,914 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 204,843 shares, the short-interest ratio is presently 0.5 days.

Wall Street Analyst Weigh In

Several research firms have recently commented on SAXPY. Citigroup reissued a “neutral” rating on shares of Sampo in a research note on Friday, April 24th. Zacks Research raised Sampo to a “strong sell” rating in a report on Monday, May 4th. Finally, Barclays upgraded shares of Sampo from an “equal weight” rating to an “overweight” rating in a report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Sampo currently has an average rating of “Hold”.

Sampo Stock Up 0.9%

SAXPY stock opened at $21.47 on Thursday. Sampo has a one year low of $19.93 and a one year high of $24.43. The company has a fifty day moving average of $21.30 and a 200-day moving average of $22.22. The stock has a market capitalization of $114.03 billion, a PE ratio of 14.91 and a beta of 0.39. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.30 and a current ratio of 0.30.

Sampo (OTCMKTS:SAXPY) last released its earnings results on Wednesday, May 6th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.07. The business had revenue of $4.41 billion for the quarter, compared to analyst estimates of $4.48 billion. As a group, analysts expect that Sampo will post 1.3 EPS for the current 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.