Sumitomo Heavy (OTCMKTS:SOHVY) Short Interest Update

Sumitomo Heavy (OTCMKTS:SOHVY) was the target of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 668 shares, a decline of 61.3% from the April 30th total of 1,726 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 1,348 shares, the short-interest ratio is currently 0.5 days.

Sumitomo Heavy Stock Up 3.1%

SOHVY traded up $0.25 during midday trading on Monday, reaching $8.25. 1,296 shares of the company were exchanged, compared to its average volume of 301. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.12 and a current ratio of 1.92. The company’s fifty day moving average price is $8.24 and its 200 day moving average price is $7.86. The company has a market cap of $3.97 billion, a price-to-earnings ratio of 17.93 and a beta of 0.39. Sumitomo Heavy has a one year low of $4.95 and a one year high of $10.16.

Sumitomo Heavy (OTCMKTS:SOHVY) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $999.00 EPS for the quarter. Sumitomo Heavy had a return on equity of 4.87% and a net margin of 2.98%.The firm had revenue of $1.63 billion during the quarter.

About Sumitomo Heavy

Sumitomo Heavy Industries, Ltd. (OTCMKTS: SOHVY) is a Japanese multinational manufacturer specializing in a broad range of industrial machinery and heavy equipment. Headquartered in Tokyo, the company operates as a core member of the Sumitomo Group, a major keiretsu with roots dating back to the early Meiji era. Sumitomo Heavy serves diverse markets by developing and producing advanced systems for material processing, energy generation, environmental management and transportation.

The company’s product portfolio encompasses industrial machinery such as metal?forming presses, injection molding machines and power transmission systems.