Sumitomo Mitsui Trust Holdings, Inc. (OTCMKTS:SUTNY) Short Interest Up 53.3% in August

Sumitomo Mitsui Trust Holdings, Inc. (OTCMKTS:SUTNY) was the recipient of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 48,198 shares, an increase of 53.3% from the July 30th total of 31,439 shares. Based on an average trading volume of 253,171 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the company’s shares are sold short.

Sumitomo Mitsui Trust Trading Down 1.1%

Shares of Sumitomo Mitsui Trust stock opened at $5.49 on Tuesday. Sumitomo Mitsui Trust has a 12-month low of $3.18 and a 12-month high of $5.72. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 3.72. The company has a 50-day moving average of $6.94 and a two-hundred day moving average of $6.92. The stock has a market cap of $30.69 billion and a PE ratio of 12.73.

Sumitomo Mitsui Trust (OTCMKTS:SUTNY) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.23 EPS for the quarter. The firm had revenue of $4.93 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Sumitomo Mitsui Trust had a net margin of 11.81% and a return on equity of 10.45%. On average, research analysts anticipate that Sumitomo Mitsui Trust will post 0.46 EPS for the current fiscal year.

Analyst Ratings Changes

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 MarketBeat.com, the stock currently 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.