Short Interest in Sumitomo Heavy Industries, Ltd. (OTCMKTS:SOHVY) Drops By 51.9%

Sumitomo Heavy Industries, Ltd. (OTCMKTS:SOHVY) was the recipient of a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 1,300 shares, a drop of 51.9% from the December 15th total of 2,700 shares. Based on an average daily trading volume, of 1,600 shares, the days-to-cover ratio is presently 0.8 days.

Sumitomo Heavy Industries Stock Performance

Sumitomo Heavy Industries stock remained flat at $4.87 during trading hours on Thursday. Sumitomo Heavy Industries has a 1-year low of $4.87 and a 1-year high of $7.67. The firm’s fifty day moving average price is $5.27 and its 200-day moving average price is $5.78. The company has a current ratio of 1.98, a quick ratio of 1.06 and a debt-to-equity ratio of 0.17.

Sumitomo Heavy Industries (OTCMKTS:SOHVY) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.02 earnings per share for the quarter. The company had revenue of $1.69 billion during the quarter. Sumitomo Heavy Industries had a return on equity of 6.28% and a net margin of 2.08%.

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.