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

Sompo Holdings, Inc. (OTCMKTS:SMPNY) was the target of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 32,200 shares, an increase of 69.5% from the October 15th total of 19,000 shares. Based on an average daily trading volume, of 78,200 shares, the days-to-cover ratio is currently 0.4 days.

Sompo Price Performance

Shares of SMPNY traded down $0.10 during mid-day trading on Wednesday, reaching $11.15. The company had a trading volume of 54,053 shares, compared to its average volume of 51,920. The company has a market capitalization of $22.09 billion, a price-to-earnings ratio of 8.40 and a beta of 0.54. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.11 and a current ratio of 0.11. The company’s 50 day simple moving average is $11.16 and its 200 day simple moving average is $10.79. Sompo has a 1-year low of $6.84 and a 1-year high of $12.09.

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.