Sampo PLC (OTCMKTS:SAXPY) Short Interest Down 37.6% in August

Key Points

• Sampo PLC experienced a significant decline in short interest, dropping 37.6% in August, with total short interest falling from 50,300 shares to 31,400 shares.
• The company reported $0.32 earnings per share (EPS) for the last quarter, exceeding analyst expectations of $0.22, along with revenues of $2.77 billion compared to estimates of $2.19 billion.
• Sampo currently holds a consensus rating of "Buy" from analysts, with one research entity issuing a "strong-buy" rating and another maintaining a "hold" rating.

Sampo PLC (OTCMKTS:SAXPY - Get Free Report) saw a large decline in short interest in August. As of August 31st, there was short interest totaling 31,400 shares, a decline of 37.6% from the August 15th total of 50,300 shares. Based on an average daily volume of 60,800 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.0% of the shares of the company are short sold. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 60,800 shares, the days-to-cover ratio is presently 0.5 days.

Sampo Price Performance

Shares of Sampo stock traded down $0.04 during trading on Monday, hitting $23.15. 230 shares of the company were exchanged, compared to its average volume of 72,763. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.43. Sampo has a fifty-two week low of $15.70 and a fifty-two week high of $23.37. The stock has a market capitalization of $124.60 billion, a price-to-earnings ratio of 23.01 and a beta of 0.54. The firm has a 50 day moving average price of $22.43 and a 200 day moving average price of $20.90.

Sampo (OTCMKTS:SAXPY - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.10. The company had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.19 billion.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on SAXPY shares. Berenberg Bank raised Sampo to a "strong-buy" rating in a report on Wednesday, July 2nd. Citigroup reaffirmed a "neutral" rating on shares of Sampo in a report on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Sampo presently has a consensus rating of "Buy".

About Sampo

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.

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