Sampo PLC (OTCMKTS:SAXPY) Short Interest Up 308.9% in July

Sampo PLC (OTCMKTS:SAXPY) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 57,075 shares, an increase of 308.9% from the June 30th total of 13,957 shares. Based on an average trading volume of 86,717 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.0% of the shares of the company are short sold.

Sampo Trading Up 0.3%

Shares of SAXPY traded up $0.07 during mid-day trading on Monday, reaching $21.93. The company’s stock had a trading volume of 30,703 shares, compared to its average volume of 114,724. Sampo has a 52 week low of $19.93 and a 52 week high of $24.43. The stock has a market cap of $116.48 billion, a PE ratio of 15.23 and a beta of 0.40. The company’s fifty day moving average price is $21.21 and its two-hundred day moving average price is $21.54. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.31.

Sampo (OTCMKTS:SAXPY) last released its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.07. The company had revenue of $4.41 billion for the quarter, compared to analysts’ expectations of $4.48 billion. On average, analysts predict that Sampo will post 1.3 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on SAXPY shares. Zacks Research raised Sampo from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 30th. Citigroup restated a “neutral” rating on shares of Sampo in a research note on Friday, April 24th. Barclays raised Sampo from an “equal weight” rating to an “overweight” rating in a report on Wednesday, May 27th. The Goldman Sachs Group raised shares of Sampo from a “sell” rating to a “buy” rating in a report on Thursday, July 9th. Finally, Kepler Capital Markets upgraded shares of Sampo to a “strong-buy” rating in a research report on Thursday, June 25th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock presently 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.