SiriusPoint Ltd. (NYSE:SPNT) Short Interest Down 13.8% in December

SiriusPoint Ltd. (NYSE:SPNT) was the recipient of a large decrease in short interest during the month of December. As of December 31st, there was short interest totalling 1,620,000 shares, a decrease of 13.8% from the December 15th total of 1,880,000 shares. Currently, 1.6% of the shares of the stock are sold short. Based on an average daily volume of 599,800 shares, the short-interest ratio is currently 2.7 days.

SiriusPoint Price Performance

Shares of SiriusPoint stock traded up $0.02 during mid-day trading on Friday, reaching $14.99. 459,802 shares of the stock traded hands, compared to its average volume of 768,107. The stock has a market capitalization of $2.43 billion, a PE ratio of 9.43 and a beta of 0.95. The business has a 50-day moving average of $15.09 and a 200 day moving average of $14.30. SiriusPoint has a fifty-two week low of $10.97 and a fifty-two week high of $16.50. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.26.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Barclays PLC grew its holdings in shares of SiriusPoint by 172.7% during the third quarter. Barclays PLC now owns 210,545 shares of the company’s stock worth $3,018,000 after buying an additional 133,331 shares in the last quarter. Principal Financial Group Inc. raised its holdings in SiriusPoint by 1.4% in the 3rd quarter. Principal Financial Group Inc. now owns 516,241 shares of the company’s stock valued at $7,403,000 after acquiring an additional 7,320 shares during the last quarter. Geode Capital Management LLC lifted its stake in SiriusPoint by 5.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,284,726 shares of the company’s stock worth $32,769,000 after purchasing an additional 115,868 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of SiriusPoint by 18.5% during the 2nd quarter. American Century Companies Inc. now owns 2,093,696 shares of the company’s stock worth $25,543,000 after purchasing an additional 327,275 shares during the last quarter. Finally, Victory Capital Management Inc. grew its position in shares of SiriusPoint by 5.9% in the third quarter. Victory Capital Management Inc. now owns 57,420 shares of the company’s stock valued at $823,000 after purchasing an additional 3,177 shares in the last quarter. 52.79% of the stock is owned by institutional investors and hedge funds.

About SiriusPoint

SiriusPoint Ltd. provides multi-line insurance and reinsurance products and services worldwide. The company operates through two segments, Reinsurance, and Insurance & Services. The Reinsurance segment provides aviation and space, accident and health, casualty, credit, marine and energy, property to insurance and reinsurance companies, government entities, and other risk bearing vehicles.