Short Interest in Sumitomo Heavy Industries, Ltd. (OTCMKTS:SOHVY) Increases By 3,266.7%

Sumitomo Heavy Industries, Ltd. (OTCMKTS:SOHVY) saw a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 10,100 shares, a growth of 3,266.7% from the February 28th total of 300 shares. Based on an average daily volume of 4,200 shares, the days-to-cover ratio is currently 2.4 days. Approximately 0.0% of the company’s stock are short sold.

Sumitomo Heavy Industries Price Performance

Shares of SOHVY opened at $5.45 on Friday. The business’s fifty day moving average is $5.29 and its 200 day moving average is $5.48. Sumitomo Heavy Industries has a 12-month low of $4.87 and a 12-month high of $7.06. The company has a quick ratio of 0.98, a current ratio of 1.84 and a debt-to-equity ratio of 0.16. The stock has a market cap of $2.62 billion, a P/E ratio of 77.86 and a beta of 0.15.

Sumitomo Heavy Industries (OTCMKTS:SOHVY) last released its quarterly earnings data on Friday, February 14th. The company reported $0.14 earnings per share 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.