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

Sumitomo Heavy Industries, Ltd. (OTCMKTS:SOHVY) was the recipient of a significant growth in short interest in 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 short-interest ratio is currently 2.4 days. Approximately 0.0% of the company’s stock are sold short.

Sumitomo Heavy Industries Stock Performance

Shares of SOHVY stock remained flat at $5.45 during trading hours on Wednesday. Sumitomo Heavy Industries has a one year low of $4.87 and a one year high of $7.06. The company’s 50-day simple moving average is $5.27 and its two-hundred day simple moving average is $5.48. The stock has a market capitalization of $2.62 billion, a price-to-earnings ratio of 77.86 and a beta of 0.15. The company has a quick ratio of 0.98, a current ratio of 1.84 and a debt-to-equity ratio of 0.16.

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

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.