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

Sompo Holdings, Inc. Unsponsored ADR (OTCMKTS:SMPNY) was the target of a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 43,373 shares, a decline of 42.5% from the June 15th total of 75,417 shares. Based on an average daily volume of 359,388 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Sompo Trading Up 0.9%

Sompo stock opened at $20.50 on Friday. The firm has a market capitalization of $38.30 billion, a P/E ratio of 8.76 and a beta of 0.32. Sompo has a 1 year low of $14.38 and a 1 year high of $21.67. The business has a 50-day moving average of $19.31 and a 200-day moving average of $18.73.

Sompo (OTCMKTS:SMPNY) last announced its quarterly earnings results on Wednesday, May 20th. The company reported $0.44 earnings per share for the quarter. Sompo had a net margin of 11.95% and a return on equity of 13.10%. The business had revenue of $8.84 billion for the quarter.

About Sompo

Sompo Holdings, Inc (OTCMKTS:SMPNY) is a Tokyo-based insurance holding company that provides a broad range of risk-transfer and risk-management products and services. The group’s core operations include property and casualty insurance for individuals and businesses, life insurance products, and related services such as claims handling, medical and nursing-care services, and assistance solutions. Sompo serves both retail and commercial customers with offerings that commonly include motor, homeowners, commercial property, liability, and specialty insurance lines.

In addition to its domestic Japanese business, Sompo has built a significant international footprint through subsidiaries and acquisitions, operating in regions including the Americas, Europe, Asia and Australia.