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

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

Sumitomo Heavy Industries Trading Up 3.2 %

Shares of SOHVY stock traded up $0.17 during trading hours on Wednesday, hitting $5.31. 974 shares of the company were exchanged, compared to its average volume of 512. The firm has a fifty day moving average of $5.22 and a 200 day moving average of $5.68. 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 has a 1 year low of $4.87 and a 1 year high of $7.67.

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

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.