Sampo PLC (OTCMKTS:SAXPY) Short Interest Down 66.8% in July

Key Points

• Short interest fell 66.8% to 18,934 shares as of July 31, representing 0.0% of Sampo’s outstanding stock and just 0.2 days to cover.
• Sampo’s shares recently traded at $22.45, within their $19.93–$24.43 52-week range. The company reported quarterly EPS of $0.33, below the $0.40 consensus, while revenue of $3.67 billion exceeded estimates.
• Analyst sentiment has improved, with multiple firms upgrading the stock; MarketBeat data shows a consensus rating of “Moderate Buy.”

Sampo PLC (OTCMKTS:SAXPY - Get Free Report) was the target of a significant drop in short interest in July. As of July 31st, there was short interest totaling 18,934 shares, a drop of 66.8% from the July 15th total of 57,075 shares. Based on an average daily trading volume, of 116,055 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company's stock are sold short.

Sampo Stock Performance

SAXPY stock traded up $0.29 during trading on Friday, hitting $22.45. 18,733 shares of the company's stock traded hands, compared to its average volume of 107,985. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.31. Sampo has a 52 week low of $19.93 and a 52 week high of $24.43. The stock has a fifty day moving average price of $21.44 and a two-hundred day moving average price of $21.43. The stock has a market capitalization of $119.24 billion, a price-to-earnings ratio of 15.17 and a beta of 0.39.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.40 by ($0.07). The firm had revenue of $3.67 billion for the quarter, compared to the consensus estimate of $2.96 billion. As a group, equities analysts anticipate that Sampo will post 1.28 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SAXPY. Kepler Capital Markets raised shares of Sampo to a "strong-buy" rating in a report on Thursday, June 25th. The Goldman Sachs Group raised shares of Sampo from a "sell" rating to a "buy" rating in a research report on Thursday, July 9th. Barclays upgraded shares of Sampo from an "equal weight" rating to an "overweight" rating in a research note on Wednesday, May 27th. Zacks Research upgraded Sampo from a "strong sell" rating to a "hold" rating in a research note on Tuesday, June 30th. Finally, Citigroup reissued a "neutral" rating on shares of Sampo in a report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus 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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