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

Sumitomo Mitsui Trust Holdings, Inc. (OTCMKTS:SUTNY) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 38,295 shares, an increase of 65.8% from the June 30th total of 23,097 shares. Based on an average daily trading volume, of 274,559 shares, the days-to-cover ratio is currently 0.1 days.

Sumitomo Mitsui Trust Trading Down 1.9%

OTCMKTS:SUTNY opened at $8.11 on Friday. Sumitomo Mitsui Trust has a one year low of $5.05 and a one year high of $8.72. The stock has a 50-day simple moving average of $7.68 and a 200 day simple moving average of $7.08.

Sumitomo Mitsui Trust (OTCMKTS:SUTNY) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.23 earnings per share (EPS) for the quarter.

Wall Street Analyst Weigh In

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

Sumitomo Mitsui Trust Company Profile

Sumitomo Mitsui Trust Holdings, Inc, known internationally under the ticker OTCMKTS:SUTNY, is Japan’s largest trust banking group, offering a broad array of fiduciary and financial services. Headquartered in Tokyo, the company operates through a network of domestic branches and overseas offices in Asia, Europe and North America to serve institutional investors, corporates and private clients.

The group’s core activities span trust banking, asset management, real estate services and wholesale banking.