Sumitomo Mitsui Trust Holdings, Inc. (OTCMKTS:SUTNY) Sees Large Growth in Short Interest

Sumitomo Mitsui Trust Holdings, Inc. (OTCMKTS:SUTNY) saw a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 48,198 shares, a growth of 53.3% from the July 30th total of 31,439 shares. Based on an average trading volume of 253,171 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised shares of Sumitomo Mitsui Trust from a “strong sell” rating to a “hold” rating in a research report on Friday, July 10th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold”.

Sumitomo Mitsui Trust Price Performance

OTCMKTS SUTNY opened at $5.55 on Wednesday. Sumitomo Mitsui Trust has a one year low of $3.18 and a one year high of $5.72. The stock has a 50-day moving average of $6.90 and a 200 day moving average of $6.91. The company has a debt-to-equity ratio of 3.72, a quick ratio of 0.99 and a current ratio of 0.99. The company has a market capitalization of $31.03 billion and a price-to-earnings ratio of 12.87.

Sumitomo Mitsui Trust (OTCMKTS:SUTNY) last posted its earnings results on Thursday, July 30th. The company reported $0.23 earnings per share (EPS) for the quarter. The business had revenue of $4.93 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Sumitomo Mitsui Trust had a net margin of 11.81% and a return on equity of 10.45%. On average, sell-side analysts forecast that Sumitomo Mitsui Trust will post 0.46 EPS for the current year.

Sumitomo Mitsui Trust Company Profile

Sumitomo Mitsui Trust Holdings, Inc, known internationally under the ticker OTCMKTS:SUTNY, is Japan’s largest trust banking group, offering a broad array of fiduciary and financial services. Headquartered in Tokyo, the company operates through a network of domestic branches and overseas offices in Asia, Europe and North America to serve institutional investors, corporates and private clients.

The group’s core activities span trust banking, asset management, real estate services and wholesale banking.