Sampo Oyj (OTCMKTS:SAXPY) Sees Significant Decline in Short Interest

Sampo Oyj (OTCMKTS:SAXPY - Get Free Report) saw a significant drop in short interest in May. As of May 15th, there was short interest totalling 17,700 shares, a drop of 53.5% from the April 30th total of 38,100 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 66,700 shares, the short-interest ratio is presently 0.3 days.

Sampo Oyj Trading Down 0.4%

Shares of OTCMKTS:SAXPY traded down $0.08 on Friday, reaching $21.32. 361,203 shares of the company traded hands, compared to its average volume of 98,743. The business's 50-day simple moving average is $20.03 and its 200 day simple moving average is $20.19. Sampo Oyj has a 52 week low of $15.70 and a 52 week high of $22.39. The stock has a market capitalization of $114.75 billion, a P/E ratio of 17.48 and a beta of 0.59. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.43.

Sampo Oyj (OTCMKTS:SAXPY - Get Free Report) last released its earnings results on Wednesday, May 7th. The financial services provider reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.05. The business had revenue of $2.33 billion for the quarter, compared to analysts' expectations of $2.16 billion.

Sampo Oyj Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, May 21st. Shareholders of record on Monday, April 28th were paid a $0.4169 dividend. This represents a yield of 2.08%. The ex-dividend date of this dividend was Friday, April 25th. Sampo Oyj's payout ratio is currently 34.07%.

About Sampo Oyj

Sampo Oyj, together with its subsidiaries, engages in the provision of non-life insurance products and services in Finland, Sweden, Norway, Denmark, Estonia, Lithuania, Latvia, and the United Kingdom. The company operates through If, Topdanmark, Hastings, Mandatum, and Holding segments. It offers property, casualty, liability, accident, sickness, household, homeowner, motor, travel, marine, aviation, transport, forest, livestock, health, workers compensation, car, van, and bike insurance services, as well as reinsurance services.