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

Sompo Holdings, Inc. (OTCMKTS:SMPNY) saw a significant decline in short interest in 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 short-interest ratio is presently 0.1 days.

Sompo Stock Down 2.0 %

OTCMKTS:SMPNY traded down $0.65 during trading hours on Thursday, reaching $31.15. The company’s stock had a trading volume of 2,750 shares, compared to its average volume of 11,501. The company has a market capitalization of $20.57 billion, a P/E ratio of 7.85 and a beta of 0.50. Sompo has a 12 month low of $19.52 and a 12 month high of $32.76. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.15 and a current ratio of 0.14. The stock has a 50 day moving average price of $9.99 and a two-hundred day moving average price of $8.44.

Sompo (OTCMKTS:SMPNY) last released its quarterly earnings results on Wednesday, February 14th. The company reported $0.66 earnings per share (EPS) for the quarter. Sompo had a net margin of 7.82% and a return on equity of 16.97%. The business had revenue of $8.05 billion for the quarter. Equities analysts predict 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.