Sampo Oyj (OTCMKTS:SAXPY) Sees Large Drop in Short Interest

Sampo Oyj (OTCMKTS:SAXPYGet Rating) saw a significant decrease in short interest during the month of April. As of April 15th, there was short interest totalling 4,800 shares, a decrease of 46.1% from the March 31st total of 8,900 shares. Based on an average daily volume of 81,400 shares, the days-to-cover ratio is currently 0.1 days.

Several equities analysts have recently commented on SAXPY shares. Morgan Stanley started coverage on Sampo Oyj in a research report on Tuesday, February 8th. They issued an “underweight” rating on the stock. Barclays began coverage on Sampo Oyj in a research report on Wednesday, March 23rd. They issued an “equal weight” rating on the stock. Deutsche Bank Aktiengesellschaft reduced their price target on Sampo Oyj from €44.00 ($47.31) to €43.00 ($46.24) and set a “hold” rating on the stock in a research report on Wednesday, March 16th. Finally, HSBC downgraded Sampo Oyj from a “buy” rating to a “hold” rating in a research report on Thursday, April 7th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $43.00.

Shares of SAXPY stock traded down $0.34 during trading hours on Friday, reaching $24.15. The company’s stock had a trading volume of 48,256 shares, compared to its average volume of 38,511. The firm’s 50 day simple moving average is $24.20 and its 200-day simple moving average is $24.85. The company has a market capitalization of $26.00 billion, a price-to-earnings ratio of 12.48 and a beta of 1.15. Sampo Oyj has a fifty-two week low of $20.18 and a fifty-two week high of $27.35. The company has a quick ratio of 0.32, a current ratio of 0.35 and a debt-to-equity ratio of 0.32.

Sampo Oyj (OTCMKTS:SAXPYGet Rating) last issued its earnings results on Wednesday, February 9th. The financial services provider reported $0.33 earnings per share for the quarter.

Sampo Oyj Company Profile (Get Rating)

Sampo Oyj, through its subsidiaries, provides life and non-life insurance products and services in Finland, Sweden, Norway, Denmark, and the Baltic countries. It operates through If, Topdanmark, Mandatum, and Holding segments. The company offers household, homeowner, motor, accident, travel, boat, forest, livestock, property, casualty, liability, casualty, and cargo insurance.

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