Sompo Holdings, Inc. Unsponsored ADR (OTCMKTS:SMPNY) Sees Large Growth in Short Interest

Sompo Holdings, Inc. Unsponsored ADR (OTCMKTS:SMPNY) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 35,735 shares, an increase of 394.5% from the August 31st total of 7,227 shares. Based on an average daily volume of 170,617 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.

Sompo Stock Down 2.0%

Shares of OTCMKTS:SMPNY opened at $21.32 on Friday. The stock has a market cap of $39.84 billion, a PE ratio of 8.39 and a beta of 0.29. The company’s fifty day moving average is $21.67 and its 200 day moving average is $19.92. Sompo has a 52 week low of $14.41 and a 52 week high of $23.41.

Sompo (OTCMKTS:SMPNY) last posted its quarterly earnings results on Friday, August 14th. The company reported $0.64 earnings per share (EPS) for the quarter. Sompo had a net margin of 12.35% and a return on equity of 13.69%. The business had revenue of $10.15 billion during the quarter. Sell-side analysts anticipate that Sompo will post 2.24 EPS for the current year.

Analysts Set New Price Targets

Separately, Zacks Research raised shares of Sompo to a “hold” rating in a report on Thursday, September 10th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Sompo currently has a consensus rating of “Hold”.

Sompo Company Profile

Sompo Holdings, Inc is a Japanese insurance and financial services group whose principal businesses include domestic property and casualty insurance, overseas insurance, life insurance, and nursing care services. Through its operating companies, the group provides coverage for individuals, businesses, and public-sector organizations, including automobile, home, commercial, marine, and specialty insurance products.

The company also operates life insurance and elder-care businesses, and has expanded into digital services, risk management, and related solutions intended to support customers’ health, safety, and resilience.