Sumitomo Mitsui Trust Holdings, Inc. (OTCMKTS:SUTNY) Short Interest Update

Sumitomo Mitsui Trust Holdings, Inc. (OTCMKTS:SUTNY) was the recipient of a large drop in short interest in April. As of April 30th, there was short interest totaling 102,978 shares, a drop of 36.9% from the April 15th total of 163,119 shares. Based on an average daily trading volume, of 309,341 shares, the days-to-cover ratio is presently 0.3 days.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Sumitomo Mitsui Trust to a “hold” rating in a research report on Wednesday, April 15th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Sumitomo Mitsui Trust currently has an average rating of “Hold”.

Sumitomo Mitsui Trust Price Performance

SUTNY traded down $0.17 during trading on Monday, hitting $6.98. 62,222 shares of the company traded hands, compared to its average volume of 179,060. The stock’s fifty day moving average is $6.64 and its 200 day moving average is $6.42. Sumitomo Mitsui Trust has a one year low of $5.03 and a one year high of $7.78.

Sumitomo Mitsui Trust (OTCMKTS:SUTNY) last announced its quarterly earnings data on Friday, May 15th. The company reported $0.11 EPS for the quarter. The company had revenue of $5.56 billion during the quarter.

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.