Short Interest in SiriusPoint Ltd. (NYSE:SPNT) Declines By 13.8%

SiriusPoint Ltd. (NYSE:SPNT) saw a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 1,620,000 shares, a drop of 13.8% from the December 15th total of 1,880,000 shares. Approximately 1.6% of the company’s shares are sold short. Based on an average daily volume of 599,800 shares, the short-interest ratio is currently 2.7 days.

SiriusPoint Stock Performance

NYSE:SPNT opened at $15.00 on Friday. The company has a quick ratio of 0.56, a current ratio of 0.56 and a debt-to-equity ratio of 0.26. The company has a market cap of $2.43 billion, a P/E ratio of 9.43 and a beta of 0.95. SiriusPoint has a fifty-two week low of $10.84 and a fifty-two week high of $16.50. The firm’s 50 day moving average is $15.05 and its two-hundred day moving average is $14.28.

Hedge Funds Weigh In On SiriusPoint

A number of large investors have recently bought and sold shares of the stock. Louisiana State Employees Retirement System raised its stake in SiriusPoint by 1.7% during the third quarter. Louisiana State Employees Retirement System now owns 47,100 shares of the company’s stock worth $675,000 after purchasing an additional 800 shares during the period. Arizona State Retirement System raised its stake in shares of SiriusPoint by 3.2% in the 2nd quarter. Arizona State Retirement System now owns 28,513 shares of the company’s stock valued at $348,000 after acquiring an additional 880 shares during the period. State of Alaska Department of Revenue raised its stake in shares of SiriusPoint by 2.8% in the 3rd quarter. State of Alaska Department of Revenue now owns 55,588 shares of the company’s stock valued at $797,000 after acquiring an additional 1,537 shares during the period. Sei Investments Co. raised its stake in shares of SiriusPoint by 12.4% in the 2nd quarter. Sei Investments Co. now owns 22,580 shares of the company’s stock valued at $275,000 after acquiring an additional 2,489 shares during the period. Finally, Victory Capital Management Inc. raised its stake in shares of SiriusPoint by 5.9% in the 3rd quarter. Victory Capital Management Inc. now owns 57,420 shares of the company’s stock valued at $823,000 after acquiring an additional 3,177 shares during the period. Hedge funds and other institutional investors own 52.79% of the company’s stock.

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 aviation and space, accident and health, casualty, credit, marine and energy, property to insurance and reinsurance companies, government entities, and other risk bearing vehicles.