Sompo Holdings, Inc. (OTCMKTS:SMPNY) Sees Significant Drop in Short Interest

Sompo Holdings, Inc. (OTCMKTS:SMPNY) was the target of a significant drop in short interest in March. As of March 15th, there was short interest totalling 43,200 shares, a drop of 83.5% from the February 28th total of 262,200 shares. Based on an average trading volume of 297,200 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Sompo Price Performance

Shares of OTCMKTS:SMPNY traded down $0.18 during trading on Wednesday, reaching $15.56. The stock had a trading volume of 54,791 shares, compared to its average volume of 122,540. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.11 and a current ratio of 0.12. Sompo has a 1-year low of $8.53 and a 1-year high of $16.42. The stock has a market cap of $30.82 billion, a PE ratio of 11.80 and a beta of 0.62. The business has a fifty day moving average price of $14.54 and a 200-day moving average price of $12.91.

Sompo (OTCMKTS:SMPNY) last announced its earnings results on Friday, February 14th. The company reported $0.41 earnings per share (EPS) for the quarter. The business had revenue of $7.80 billion for the quarter. On average, equities analysts forecast that Sompo will post 0.97 earnings per share for the current fiscal year.

Sompo Company Profile

Sompo Holdings, Inc provides property and casualty (P&C) insurance services in Japan and internationally. The company operates through Domestic P&C Insurance Business, Overseas Insurance Business, Domestic Life Insurance Business, and Nursing Care & Seniors Business segments. It offers various P&C insurance products, including automobile, fire, personal accident, and marine, as well as security, risk management, assistance, and warranty services; and life insurance products.