Sampo PLC (OTCMKTS:SAXPY) Short Interest Update

Key Points

• Sampo PLC saw a significant 58.5% increase in short interest in September, rising from 31,300 to 49,600 shares.
• The company’s stock had a trading volume of 16,992 shares, and its current price is $22.60, up by 1.1% during recent trading.
• Sampo reported earnings of $0.32 EPS for the last quarter, exceeding estimates of $0.22, with total revenue of $2.77 billion.

Sampo PLC (OTCMKTS:SAXPY - Get Free Report) was the target of a large increase in short interest in September. As of September 30th, there was short interest totaling 49,600 shares, an increase of 58.5% from the September 15th total of 31,300 shares. Based on an average daily volume of 134,000 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 134,000 shares, the days-to-cover ratio is presently 0.4 days.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Citigroup reissued a "neutral" rating on shares of Sampo in a research note on Wednesday, September 3rd. Berenberg Bank raised shares of Sampo to a "strong-buy" rating in a research note on Wednesday, July 2nd. One equities 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 currently has an average rating of "Buy".

Sampo Stock Up 1.1%

Shares of OTCMKTS SAXPY traded up $0.25 during trading hours on Wednesday, hitting $22.60. The company had a trading volume of 16,992 shares, compared to its average volume of 70,673. The stock has a market capitalization of $121.64 billion, a P/E ratio of 22.47 and a beta of 0.54. 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 1-year low of $15.70 and a 1-year high of $23.52. The firm's 50 day moving average is $22.77 and its 200-day moving average is $21.61.

Sampo (OTCMKTS:SAXPY - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $0.32 EPS for the quarter, beating the consensus estimate of $0.22 by $0.10. The company 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.

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