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

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

Sumitomo Heavy Industries Price Performance

OTCMKTS SOHVY remained flat at $4.66 during trading hours on Monday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.84 and a quick ratio of 0.98. The firm has a market capitalization of $2.24 billion, a price-to-earnings ratio of 66.50 and a beta of 0.15. The company’s fifty day moving average price is $5.22 and its 200 day moving average price is $5.38. 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 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.