Sumitomo Mitsui Trust Holdings, Inc. (OTCMKTS:SUTNY – Get Free Report) was the recipient of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 255,253 shares, an increase of 707.1% from the September 30th total of 31,625 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 338,734 shares, the short-interest ratio is presently 0.8 days.
Wall Street Analysts Forecast Growth
Separately, Zacks Research upgraded 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. Based on data from MarketBeat.com, the company has an average rating of “Hold”.
Check Out Our Latest Research Report on Sumitomo Mitsui Trust
Sumitomo Mitsui Trust Trading Up 2.5%
Sumitomo Mitsui Trust stock opened at $5.29 on Wednesday. The stock has a 50-day simple moving average of $5.51 and a 200 day simple moving average of $6.60. Sumitomo Mitsui Trust has a 52 week low of $3.36 and a 52 week high of $5.96.
Sumitomo Mitsui Trust (OTCMKTS:SUTNY – Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported $0.23 earnings per share (EPS) for the quarter. The business had revenue of $4.93 billion during the quarter, compared to the consensus estimate of $1.33 billion. On average, sell-side analysts anticipate that Sumitomo Mitsui Trust will post 0.49 earnings per share for the current year.
Sumitomo Mitsui Trust Company Profile
Sumitomo Mitsui Trust Holdings, Inc is a Japanese financial services holding company and the parent of Sumitomo Mitsui Trust Bank. The group provides banking, trust, asset management, securities, and related financial services to individuals, corporations, institutional investors, and other clients.
Its businesses include retail and commercial banking, wealth management, pension and investment management, securities services, asset custody, real estate services, and investment banking.
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