Sumitomo Heavy (OTCMKTS:SOHVY) Sees Large Decrease in Short Interest

Sumitomo Heavy (OTCMKTS:SOHVY) was the target of a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 668 shares, a decrease of 61.3% from the April 30th total of 1,726 shares. Based on an average daily volume of 1,348 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.0% of the shares of the stock are short sold.

Sumitomo Heavy Price Performance

Shares of SOHVY remained flat at $8.00 during trading hours on Friday. The stock has a 50-day moving average of $8.24 and a 200-day moving average of $7.84. The company has a quick ratio of 1.12, a current ratio of 1.92 and a debt-to-equity ratio of 0.19. Sumitomo Heavy has a 1 year low of $4.95 and a 1 year high of $10.16. The firm has a market cap of $3.85 billion, a PE ratio of 17.39 and a beta of 0.42.

Sumitomo Heavy (OTCMKTS:SOHVY) last posted its earnings results on Tuesday, April 28th. The company reported $999.00 earnings per share for the quarter. Sumitomo Heavy had a net margin of 2.98% and a return on equity of 4.87%. The business had revenue of $1.63 billion for the quarter.

About Sumitomo Heavy

Sumitomo Heavy Industries, Ltd. (OTCMKTS: SOHVY) is a Japanese multinational manufacturer specializing in a broad range of industrial machinery and heavy equipment. Headquartered in Tokyo, the company operates as a core member of the Sumitomo Group, a major keiretsu with roots dating back to the early Meiji era. Sumitomo Heavy serves diverse markets by developing and producing advanced systems for material processing, energy generation, environmental management and transportation.

The company’s product portfolio encompasses industrial machinery such as metal?forming presses, injection molding machines and power transmission systems.