SiriusPoint Ltd. (NYSE:SPNT) Short Interest Update

SiriusPoint Ltd. (NYSE:SPNT – Get Rating) saw a large decline in short interest in April. As of April 30th, there was short interest totalling 1,770,000 shares, a decline of 15.7% from the April 15th total of 2,100,000 shares. Currently, 2.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 584,200 shares, the short-interest ratio is currently 3.0 days.

SiriusPoint Trading Down 9.0 %

NYSE SPNT opened at $9.06 on Friday. The business’s 50-day moving average price is $8.34 and its two-hundred day moving average price is $7.12. SiriusPoint has a 12 month low of $4.07 and a 12 month high of $9.98. The firm has a market capitalization of $1.48 billion, a PE ratio of -23.84 and a beta of 1.02. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.38.

SiriusPoint (NYSE:SPNT – Get Rating) last released its quarterly earnings results on Thursday, February 23rd. The company reported ($0.17) EPS for the quarter. SiriusPoint had a negative net margin of 1.28% and a negative return on equity of 1.59%. The company had revenue of $673.60 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, TheStreet raised SiriusPoint from a “d+” rating to a “c-” rating in a report on Thursday, February 23rd.

Institutional Investors Weigh In On SiriusPoint

Several institutional investors and hedge funds have recently made changes to their positions in the business. Ursa Fund Management LLC boosted its holdings in SiriusPoint by 45.8% in the fourth quarter. Ursa Fund Management LLC now owns 161,651 shares of the company’s stock worth $954,000 after acquiring an additional 50,770 shares in the last quarter. Louisiana State Employees Retirement System purchased a new stake in shares of SiriusPoint during the third quarter valued at approximately $201,000. Donald Smith & CO. Inc. increased its position in shares of SiriusPoint by 40.0% during the third quarter. Donald Smith & CO. Inc. now owns 1,734,844 shares of the company’s stock valued at $8,587,000 after acquiring an additional 495,797 shares during the last quarter. Private Management Group Inc. increased its position in shares of SiriusPoint by 21.9% during the third quarter. Private Management Group Inc. now owns 7,692,658 shares of the company’s stock valued at $38,079,000 after acquiring an additional 1,383,094 shares during the last quarter. Finally, Maryland State Retirement & Pension System purchased a new stake in SiriusPoint in the fourth quarter worth $207,000. Institutional investors own 47.33% of the company’s stock.

SiriusPoint Company Profile

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SiriusPoint Ltd. engages in the provision of insurance and reinsurance services. The insurance lines include: Accident and Health, Environmental, Property, Energy, Workers’ Compensation, and Aviation and Space. The reinsurance lines include: Marine and Energy, Casualty, Aviation and Space, and Credit and Bond.