Sumitomo Mitsui Trust Holdings, Inc. (OTCMKTS:SUTNY) Stock Short Interest Climbs 93.1%

Sumitomo Mitsui Trust Holdings, Inc. (OTCMKTS:SUTNY) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 128,730 shares, an increase of 93.1% from the August 31st total of 66,672 shares. Based on an average trading volume of 345,359 shares, the short-interest ratio is presently 0.4 days. Approximately 0.0% of the shares of the company are short sold.

Sumitomo Mitsui Trust Price Performance

OTCMKTS SUTNY opened at $5.70 on Tuesday. The company has a 50-day moving average price of $6.07 and a two-hundred day moving average price of $6.73. Sumitomo Mitsui Trust has a 52 week low of $3.18 and a 52 week high of $5.96. The stock has a market cap of $31.87 billion and a price-to-earnings ratio of 13.22. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 3.72.

Sumitomo Mitsui Trust (OTCMKTS:SUTNY) last released its quarterly earnings results on Thursday, July 30th. The company reported $0.23 earnings per share for the quarter. The company had revenue of $4.93 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Sumitomo Mitsui Trust had a return on equity of 10.45% and a net margin of 11.81%. Analysts forecast that Sumitomo Mitsui Trust will post 0.49 EPS for the current year.

Analysts Set New Price Targets

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

Sumitomo Mitsui Trust Company Profile

Sumitomo Mitsui Trust Holdings, Inc is a Japanese financial holding company and the parent of the Sumitomo Mitsui Trust Group. Through its subsidiaries, including Sumitomo Mitsui Trust Bank, the group provides banking, trust banking, asset management, and related financial services to individuals, corporations, institutional investors, and public-sector clients.

The group’s services include deposits and lending, investment and pension management, securities administration, real estate services, inheritance and asset succession planning, and investment banking.