Sumitomo Heavy Industries, Ltd. (OTCMKTS:SOHVF) Sees Significant Increase in Short Interest

Sumitomo Heavy Industries, Ltd. (OTCMKTS:SOHVF) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totaling 187,422 shares, a growth of 64.2% from the August 15th total of 114,162 shares. Based on an average daily volume of 0 shares, the short-interest ratio is currently ∞ days.

Sumitomo Heavy Industries Price Performance

OTCMKTS SOHVF opened at $32.20 on Thursday. The company’s 50 day moving average is $32.20 and its 200-day moving average is $32.10. Sumitomo Heavy Industries has a 12-month low of $28.50 and a 12-month high of $32.20.

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. The company's Industrial Machinery segment provides injection molding machines, cryocoolers, ion implanters, PET tracer production systems, vacuum coasting equipment, steel tube air forming, non-destructive inspections, clean room system, cast iron and steel rolls for hot rolling, and coolant systems.