Sumitomo Heavy (OTCMKTS:SOHVY) Stock Short Interest Climbs 406.5%

Sumitomo Heavy (OTCMKTS:SOHVY) was the recipient of a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 1,398 shares, an increase of 406.5% from the October 15th total of 276 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 615 shares, the days-to-cover ratio is presently 2.3 days.

Sumitomo Heavy Stock Performance

Shares of OTCMKTS SOHVY remained flat at $8.37 during midday trading on Thursday. The stock had a trading volume of 725 shares, compared to its average volume of 702. The company has a current ratio of 1.94, a quick ratio of 1.12 and a debt-to-equity ratio of 0.18. The business’s 50-day moving average price is $9.01 and its 200 day moving average price is $8.62. Sumitomo Heavy has a 12-month low of $6.28 and a 12-month high of $10.16. The firm has a market capitalization of $4.02 billion, a price-to-earnings ratio of 15.49 and a beta of 0.47.

Sumitomo Heavy (OTCMKTS:SOHVY) last announced its quarterly earnings data on Friday, October 30th. The company reported $0.19 earnings per share for the quarter. Sumitomo Heavy had a net margin of 3.45% and a return on equity of 6.91%. The company had revenue of $1.76 billion during the quarter.

About Sumitomo Heavy

Sumitomo Heavy Industries, Ltd. is a Japanese manufacturer of industrial machinery and equipment. Its products include plastic injection molding machines, precision gearboxes and motion-control systems, construction machinery such as excavators, and equipment for industrial production and energy applications. The company traces its roots to a machinery repair shop established in 1888 to serve the Besshi copper mine. It has since expanded into a broad range of machinery and technology businesses, including industrial presses, material-handling systems, and equipment used in semiconductor manufacturing and medical applications.