Sumitomo Heavy Industries, Ltd. (OTCMKTS:SOHVY) Short Interest Update

Sumitomo Heavy Industries, Ltd. (OTCMKTS:SOHVY) saw a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 10,100 shares, a growth of 3,266.7% from the February 28th total of 300 shares. Based on an average trading volume of 4,200 shares, the days-to-cover ratio is currently 2.4 days. Currently, 0.0% of the shares of the company are sold short.

Sumitomo Heavy Industries Price Performance

Sumitomo Heavy Industries stock remained flat at $5.45 during mid-day trading on Thursday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.98 and a current ratio of 1.84. The company’s 50 day moving average is $5.28 and its two-hundred day moving average is $5.48. Sumitomo Heavy Industries has a 1-year low of $4.87 and a 1-year high of $7.06. The company has a market cap of $2.62 billion, a price-to-earnings ratio of 77.86 and a beta of 0.15.

Sumitomo Heavy Industries (OTCMKTS:SOHVY) last released its quarterly earnings results on Friday, February 14th. The company reported $0.14 earnings per share for the quarter. Sumitomo Heavy Industries had a net margin of 0.73% and a return on equity of 5.42%. The firm had revenue of $1.96 billion for the quarter.

Sumitomo Heavy Industries Company Profile

Sumitomo Heavy Industries, Ltd. manufactures and sells general machinery, advanced precision machinery, construction machinery, ships, and environmental plant facilities in Japan and internationally. Its Mechatronics segment offers gearmotors, gearboxes, motion control drives, motors and inverters, drive solutions, precision positioning equipment, laser systems, control systems, motion components, and collaborative robot.