Sumitomo Mitsui Trust Holdings, Inc. (OTCMKTS:SUTNY) Sees Large Decline in Short Interest

Sumitomo Mitsui Trust Holdings, Inc. (OTCMKTS:SUTNY) was the target of a significant decline in short interest in September. As of September 30th, there was short interest totaling 31,625 shares, a decline of 75.4% from the September 15th total of 128,730 shares. Based on an average daily volume of 749,922 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Sumitomo Mitsui Trust Stock Performance

Shares of Sumitomo Mitsui Trust stock opened at $5.41 on Monday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 3.72. The firm has a market cap of $30.24 billion and a price-to-earnings ratio of 12.54. The business has a fifty day simple moving average of $5.58 and a 200-day simple moving average of $6.68. Sumitomo Mitsui Trust has a fifty-two week low of $3.18 and a fifty-two week high of $5.96.

Sumitomo Mitsui Trust (OTCMKTS:SUTNY) last announced its earnings results on Thursday, July 30th. The company reported $0.23 earnings per share for the quarter. The business had revenue of $4.93 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Sumitomo Mitsui Trust had a return on equity of 10.45% and a net margin of 11.81%. On average, equities analysts forecast that Sumitomo Mitsui Trust will post 0.49 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Sumitomo Mitsui Trust from a “strong sell” rating to a “hold” rating in a report on Friday, July 10th. One research analyst has rated the stock with a Hold rating. According to data from MarketBeat, the company currently has an average rating of “Hold”.

Sumitomo Mitsui Trust Company Profile

Sumitomo Mitsui Trust Holdings, Inc is a Japanese financial holding company and the parent of the Sumitomo Mitsui Trust Group. Through its subsidiaries, including Sumitomo Mitsui Trust Bank, the group provides banking, trust banking, asset management, and related financial services to individuals, corporations, institutional investors, and public-sector clients.

The group’s services include deposits and lending, investment and pension management, securities administration, real estate services, inheritance and asset succession planning, and investment banking.