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

Sompo Holdings, Inc. Unsponsored ADR (OTCMKTS:SMPNY) was the recipient of a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 62,629 shares, a growth of 1,947.4% from the October 15th total of 3,059 shares. Based on an average trading volume of 123,252 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.0% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

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

Sompo Trading Down 0.7%

Sompo stock traded down $0.16 during trading hours on Tuesday, hitting $22.38. 93,277 shares of the stock traded hands, compared to its average volume of 219,942. The firm’s 50-day moving average price is $21.76 and its two-hundred day moving average price is $20.03. The company has a market cap of $41.82 billion, a PE ratio of 8.87 and a beta of 0.30. Sompo has a one year low of $14.55 and a one year high of $23.44.

Sompo (OTCMKTS:SMPNY) last announced its earnings results on Friday, August 14th. The company reported $0.64 earnings per share (EPS) for the quarter. The firm had revenue of $10.15 billion during the quarter. Sompo had a return on equity of 13.62% and a net margin of 12.35%. On average, sell-side analysts expect that Sompo will post 2.24 earnings per share for the current fiscal year.

Sompo Company Profile

Sompo Holdings, Inc. is a Japan-based insurance and financial services group. Its main businesses include property and casualty insurance, life insurance, and nursing care services, serving individuals, businesses, and institutional customers. The group’s insurance operations include Sompo Japan Insurance, which offers coverage such as automobile, fire, and other commercial and personal insurance, and Sompo Himawari Life Insurance, which provides life and health-related products. Sompo also operates nursing care and senior-care services through Sompo Care.