Short Interest in Sumitomo Heavy Industries, Ltd. (OTCMKTS:SOHVY) Drops By 80.0%

Sumitomo Heavy Industries, Ltd. (OTCMKTS:SOHVY) saw a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 300 shares, a decrease of 80.0% from the February 13th total of 1,500 shares. Based on an average trading volume of 100 shares, the short-interest ratio is presently 3.0 days. Approximately 0.0% of the shares of the stock are sold short.

Sumitomo Heavy Industries Stock Performance

Shares of OTCMKTS:SOHVY remained flat at $5.42 on Wednesday. Sumitomo Heavy Industries has a fifty-two week low of $4.87 and a fifty-two week high of $7.38. The firm’s 50-day simple moving average is $5.15 and its 200 day simple moving average is $5.49. The stock has a market cap of $2.61 billion, a price-to-earnings ratio of 77.43 and a beta of 0.15. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.84 and a quick ratio of 0.98.

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

About Sumitomo Heavy Industries

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.