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

Sompo Holdings, Inc. (OTCMKTS:SMPNY) saw a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 4,000 shares, a decline of 82.7% from the February 29th total of 23,100 shares. Based on an average daily trading volume, of 43,800 shares, the days-to-cover ratio is currently 0.1 days.

Sompo Trading Down 2.0 %

SMPNY traded down $0.65 during trading on Thursday, hitting $31.15. 2,750 shares of the company’s stock were exchanged, compared to its average volume of 11,501. The firm has a market cap of $20.57 billion, a P/E ratio of 7.85 and a beta of 0.50. Sompo has a 1 year low of $19.52 and a 1 year high of $32.76. The stock has a 50 day moving average price of $9.99 and a 200 day moving average price of $8.44. The company has a current ratio of 0.14, a quick ratio of 0.15 and a debt-to-equity ratio of 0.28.

Sompo (OTCMKTS:SMPNY) last issued its earnings results on Wednesday, February 14th. The company reported $0.66 earnings per share for the quarter. The company had revenue of $8.05 billion for the quarter. Sompo had a net margin of 7.82% and a return on equity of 16.97%. As a group, analysts expect that Sompo will post 2.95 EPS for the current fiscal year.

About Sompo

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.