Sumitomo Heavy Industries, Ltd. (OTCMKTS:SOHVY) Sees Significant Decline in Short Interest

Sumitomo Heavy Industries, Ltd. (OTCMKTS:SOHVY) was the target of a large decrease in short interest in March. As of March 31st, there was short interest totalling 300 shares, a decrease of 97.0% from the March 15th total of 10,100 shares. Based on an average daily volume of 500 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.0% of the shares of the stock are sold short.

Sumitomo Heavy Industries Price Performance

OTCMKTS:SOHVY remained flat at $4.66 on Tuesday. Sumitomo Heavy Industries has a 12 month low of $4.66 and a 12 month high of $7.06. The business has a 50 day moving average of $5.20 and a 200 day moving average of $5.37. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.84 and a quick ratio of 0.98. The firm has a market capitalization of $2.24 billion, a PE ratio of 66.50 and a beta of 0.15.

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

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.