Short Interest in Sumitomo Heavy Industries, Ltd. (OTCMKTS:SOHVY) Grows By 800.0%

Sumitomo Heavy Industries, Ltd. (OTCMKTS:SOHVY) was the target of a significant increase in short interest in November. As of November 15th, there was short interest totalling 900 shares, an increase of 800.0% from the October 31st total of 100 shares. Based on an average daily trading volume, of 1,000 shares, the days-to-cover ratio is presently 0.9 days.

Sumitomo Heavy Industries Stock Performance

SOHVY remained flat at $5.30 during trading hours on Thursday. Sumitomo Heavy Industries has a 52 week low of $4.90 and a 52 week high of $7.67. The business’s 50 day simple moving average is $5.77 and its two-hundred day simple moving average is $6.12. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.98 and a quick ratio of 1.06.

Sumitomo Heavy Industries (OTCMKTS:SOHVY) last issued its earnings results on Thursday, October 31st. The company reported $0.02 EPS for the quarter. Sumitomo Heavy Industries had a return on equity of 6.28% and a net margin of 2.08%. The business had revenue of $1.69 billion during the quarter.

Analyst Ratings Changes

Separately, Citigroup raised Sumitomo Heavy Industries to a “hold” rating in a report on Monday, August 26th.

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.