Sumitomo Heavy Industries, Ltd. (OTCMKTS:SOHVY) Short Interest Down 80.0% in February

Sumitomo Heavy Industries, Ltd. (OTCMKTS:SOHVY) was the recipient of a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 300 shares, a decrease of 80.0% from the February 13th total of 1,500 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 100 shares, the days-to-cover ratio is presently 3.0 days.

Sumitomo Heavy Industries Price Performance

SOHVY stock remained flat at $5.42 during midday trading on Thursday. Sumitomo Heavy Industries has a fifty-two week low of $4.87 and a fifty-two week high of $7.38. The company has a current ratio of 1.84, a quick ratio of 0.98 and a debt-to-equity ratio of 0.16. The stock’s fifty day moving average price is $5.15 and its 200-day moving average price is $5.49. The company has a market cap of $2.61 billion, a PE ratio of 77.43 and a beta of 0.15.

Sumitomo Heavy Industries (OTCMKTS:SOHVY) last posted 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.

About Sumitomo Heavy Industries

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.