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

Sompo Holdings, Inc. (OTCMKTS:SMPNY) was the target of a large increase in short interest in the month of June. As of June 15th, there was short interest totalling 95,900 shares, an increase of 280.6% from the May 31st total of 25,200 shares. Based on an average daily trading volume, of 119,200 shares, the days-to-cover ratio is currently 0.8 days.

Sompo Stock Performance

Shares of OTCMKTS:SMPNY remained flat at $10.54 during mid-day trading on Thursday. The company had a trading volume of 34,648 shares, compared to its average volume of 42,594. The firm has a market capitalization of $20.88 billion, a price-to-earnings ratio of 7.98 and a beta of 0.54. Sompo has a 1-year low of $6.70 and a 1-year high of $11.25. The stock’s 50-day moving average price is $10.19 and its 200 day moving average price is $10.18.

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.