Sampo PLC (OTCMKTS:SAXPY) Short Interest Update

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 drop in short interest in the month of August. As of August 31st, there was short interest totaling 31,400 shares, a drop of 37.6% from the August 15th total of 50,300 shares. Based on an average trading volume of 60,800 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average trading volume of 60,800 shares, the days-to-cover ratio is currently 0.5 days.

Wall Street Analyst Weigh In

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

Sampo Price Performance

Shares of OTCMKTS SAXPY traded down $0.09 during mid-day trading on Friday, reaching $22.58. The company had a trading volume of 16,030 shares, compared to its average volume of 72,433. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.30 and a current ratio of 0.30. Sampo has a one year low of $15.70 and a one year high of $23.52. The firm has a market cap of $121.54 billion, a price-to-earnings ratio of 22.45 and a beta of 0.54. The business's 50-day simple moving average is $22.54 and its 200 day simple moving average is $21.00.

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

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.