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 during the month of June. As of June 30th, there was short interest totaling 43,373 shares, a drop of 42.5% from the June 15th total of 75,417 shares. Based on an average daily trading volume, of 359,388 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Sompo Price Performance

Sompo stock opened at $20.32 on Thursday. The firm has a 50-day moving average of $19.23 and a 200-day moving average of $18.69. Sompo has a one year low of $14.12 and a one year high of $21.67. The company has a market cap of $37.97 billion, a price-to-earnings ratio of 8.68 and a beta of 0.32.

Sompo (OTCMKTS:SMPNY) last posted its quarterly earnings results on Wednesday, May 20th. The company reported $0.44 earnings per share (EPS) for the quarter. The firm had revenue of $8.84 billion for the quarter. Sompo had a net margin of 11.95% and a return on equity of 13.10%.

About Sompo

Sompo Holdings, Inc (OTCMKTS:SMPNY) is a Tokyo-based insurance holding company that provides a broad range of risk-transfer and risk-management products and services. The group’s core operations include property and casualty insurance for individuals and businesses, life insurance products, and related services such as claims handling, medical and nursing-care services, and assistance solutions. Sompo serves both retail and commercial customers with offerings that commonly include motor, homeowners, commercial property, liability, and specialty insurance lines.

In addition to its domestic Japanese business, Sompo has built a significant international footprint through subsidiaries and acquisitions, operating in regions including the Americas, Europe, Asia and Australia.