Sumitomo Mitsui Trust Holdings, Inc. (OTCMKTS:SUTNY) Sees Significant Drop in Short Interest

Sumitomo Mitsui Trust Holdings, Inc. (OTCMKTS:SUTNY) was the target of a large decrease in short interest in February. As of February 28th, there was short interest totalling 69,700 shares, a decrease of 52.1% from the February 13th total of 145,600 shares. Based on an average daily trading volume, of 129,400 shares, the days-to-cover ratio is presently 0.5 days.

Sumitomo Mitsui Trust Price Performance

Shares of SUTNY traded up $0.06 during midday trading on Friday, reaching $5.22. 51,654 shares of the stock were exchanged, compared to its average volume of 82,845. Sumitomo Mitsui Trust has a 52 week low of $3.95 and a 52 week high of $5.39. The company’s 50 day moving average is $5.03 and its two-hundred day moving average is $4.86.

About Sumitomo Mitsui Trust

Sumitomo Mitsui Trust Holdings, Inc operates as a trust bank in Japan and internationally. It offers supervising services for management strategies, and financial and human resource management; and general affairs, business process, corporate administration, operational process, risk, and compliance management services; and internal auditing services.