Short Interest in Sumitomo Heavy Industries, Ltd. (OTCMKTS:SOHVY) Declines By 97.0%

Sumitomo Heavy Industries, Ltd. (OTCMKTS:SOHVY) was the target of a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 300 shares, a decrease of 97.0% from the March 15th total of 10,100 shares. Based on an average daily trading volume, of 500 shares, the short-interest ratio is currently 0.6 days. Approximately 0.0% of the company’s shares are short sold.

Sumitomo Heavy Industries Price Performance

Sumitomo Heavy Industries stock remained flat at $4.66 during mid-day trading on Monday. The business’s 50 day moving average price is $5.22 and its two-hundred day moving average price is $5.38. 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 firm has a market cap of $2.24 billion, a PE ratio of 66.50 and a beta of 0.15. Sumitomo Heavy Industries has a 12 month low of $4.66 and a 12 month high of $7.06.

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

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.