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

Sompo Holdings, Inc. (OTCMKTS:SMPNY – Get Rating) saw a significant decrease in short interest in the month of May. As of May 15th, there was short interest totalling 1,800 shares, a decrease of 53.8% from the April 30th total of 3,900 shares. Based on an average trading volume of 6,500 shares, the days-to-cover ratio is presently 0.3 days.

Shares of SMPNY traded up $1.15 during mid-day trading on Friday, hitting $22.95. The company’s stock had a trading volume of 26,127 shares, compared to its average volume of 5,976. The firm has a market capitalization of $15.96 billion, a price-to-earnings ratio of 7.40 and a beta of 0.42. The company’s 50-day moving average is $20.85 and its 200-day moving average is $21.80. Sompo has a 52-week low of $17.92 and a 52-week high of $24.75.

About Sompo (Get Rating)

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 and Healthcare 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.

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