SiriusPoint Ltd. (NYSE:SPNT – Get Rating) saw a significant increase in short interest during the month of July. As of July 15th, there was short interest totalling 2,090,000 shares, an increase of 25.1% from the June 30th total of 1,670,000 shares. Based on an average daily trading volume, of 661,300 shares, the short-interest ratio is currently 3.2 days. Currently, 2.5% of the company’s stock are sold short.
Institutional Investors Weigh In On SiriusPoint
A number of hedge funds and other institutional investors have recently modified their holdings of SPNT. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of SiriusPoint in the 2nd quarter worth about $135,000. KBC Group NV bought a new stake in SiriusPoint during the 2nd quarter valued at approximately $34,000. Clear Harbor Asset Management LLC purchased a new position in shares of SiriusPoint during the 2nd quarter worth approximately $70,000. State of Alaska Department of Revenue raised its position in shares of SiriusPoint by 9.4% in the 2nd quarter. State of Alaska Department of Revenue now owns 65,446 shares of the company’s stock worth $354,000 after acquiring an additional 5,630 shares in the last quarter. Finally, American Trust purchased a new position in shares of SiriusPoint in the 1st quarter valued at approximately $77,000. Institutional investors own 46.78% of the company’s stock.
SiriusPoint Stock Performance
Shares of SPNT opened at $4.21 on Tuesday. The firm has a market cap of $682.85 million, a PE ratio of -1.90 and a beta of 0.95. SiriusPoint has a 1 year low of $4.20 and a 1 year high of $10.18. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.69 and a quick ratio of 0.69. The stock’s fifty day moving average price is $5.19 and its two-hundred day moving average price is $6.54.
Wall Street Analysts Forecast Growth
Separately, TheStreet lowered SiriusPoint from a “c” rating to a “d+” rating in a report on Friday, May 6th.
SiriusPoint Company Profile
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 coverage to various product lines, which includes aviation and space, casualty, contingency, credit and bond, marine and energy, mortgage, and property to insurance and reinsurance companies, government entities, and other risk bearing vehicles.
- Get a free copy of the StockNews.com research report on SiriusPoint (SPNT)
- MarketBeat Podcast: Find Investing Opportunities For The Rest of 2022
- Deep Value High Yield Newell Brands Is Ready To Bottom
- The Colgate-Palmolive Growth Outlook Brightens
- These Stocks Outperformed Last Time There Was A Recession
- Does Rivian’s Stock Still Have A Future?
Want More Great Investing Ideas?
- Bear Market Game Plan!
- The 10 Best Stocks to Own in 2022
- 7 Stocks to Buy and Hold Forever
- 3 Stocks to DOUBLE This Year
Receive News & Ratings for SiriusPoint Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SiriusPoint and related companies with MarketBeat.com's FREE daily email newsletter.