Sampo PLC (OTCMKTS:SAXPY) Sees Significant Growth in Short Interest

Key Points

• Short interest in Sampo rose 58.4% to 29,996 shares as of August 14, though short positions represented approximately 0.0% of shares outstanding and covered just 0.7 days of average trading volume.
• Sampo shares opened at $22.53, down 1.1%, with a market capitalization of $119.66 billion. The stock trades at a price-to-earnings ratio of 15.22 and remains within its 12-month range of $19.93 to $24.43.
• The company reported quarterly earnings of $0.33 per share, missing consensus by $0.05, while revenue of $3.67 billion exceeded estimates. Analysts have an overall “Moderate Buy” rating, with several firms recently upgrading the stock.

Sampo PLC (OTCMKTS:SAXPY - Get Free Report) was the recipient of a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 29,996 shares, an increase of 58.4% from the July 30th total of 18,934 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average trading volume of 42,971 shares, the days-to-cover ratio is presently 0.7 days.

Sampo Stock Down 1.1%

Shares of OTCMKTS SAXPY opened at $22.53 on Tuesday. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.31. The company has a market cap of $119.66 billion, a price-to-earnings ratio of 15.22 and a beta of 0.39. Sampo has a 12 month low of $19.93 and a 12 month high of $24.43. The stock has a 50-day moving average price of $21.87 and a two-hundred day moving average price of $21.47.

Sampo (OTCMKTS:SAXPY - Get Free Report) last posted its quarterly earnings results on Wednesday, August 12th. The financial services provider reported $0.33 earnings per share 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 the consensus estimate of $2.96 billion. As a group, analysts forecast that Sampo will post 1.27 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on SAXPY shares. Barclays raised Sampo from an "equal weight" rating to an "overweight" rating in a research note on Wednesday, May 27th. Kepler Capital Markets raised shares of Sampo to a "strong-buy" rating in a report on Thursday, June 25th. Zacks Research upgraded shares of Sampo from a "strong sell" rating to a "hold" rating in a research report on Tuesday, June 30th. Finally, The Goldman Sachs Group raised shares of Sampo from a "sell" rating to a "buy" rating in a research note on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Sampo presently has an average rating of "Moderate Buy".

Sampo Company Profile

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.

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