Sampo PLC (OTCMKTS:SAXPY) Short Interest Down 65.2% in June

Sampo PLC (OTCMKTS:SAXPY – Get Free Report) saw a significant decline in short interest in June. As of June 15th, there was short interest totaling 27,896 shares, a decline of 65.2% from the May 31st total of 80,128 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 261,684 shares, the short-interest ratio is currently 0.1 days.

Analyst Ratings Changes

A number of brokerages recently issued reports on SAXPY. Zacks Research upgraded Sampo to a “strong sell” rating in a research report on Monday, May 4th. Kepler Capital Markets upgraded Sampo to a “strong-buy” rating in a report on Thursday, June 25th. Citigroup reissued a “neutral” rating on shares of Sampo in a report on Friday, April 24th. Finally, Barclays raised shares of Sampo from an “equal weight” rating to an “overweight” rating in a report on Wednesday, May 27th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Sampo has a consensus rating of “Moderate Buy”.

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Sampo Stock Up 0.3%

Shares of OTCMKTS:SAXPY traded up $0.06 during trading on Tuesday, hitting $21.00. The company’s stock had a trading volume of 103,748 shares, compared to its average volume of 124,002. The company has a market capitalization of $111.54 billion, a PE ratio of 14.58 and a beta of 0.39. The business has a 50 day moving average price of $20.95 and a two-hundred day moving average price of $21.83. Sampo has a fifty-two week low of $19.93 and a fifty-two week high of $24.43. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.30 and a current ratio of 0.30.

Sampo (OTCMKTS:SAXPY – Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.07. The company had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.48 billion. As a group, research analysts expect that Sampo will post 1.3 EPS for the current fiscal year.

Sampo Company Profile

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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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