Sumitomo Heavy (OTCMKTS:SOHVY) Shares Shorted: Short Interest Up 406.5% in October

Sumitomo Heavy (OTCMKTS:SOHVY) saw a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 1,398 shares, a growth of 406.5% from the October 15th total of 276 shares. Based on an average daily trading volume, of 615 shares, the short-interest ratio is presently 2.3 days. Approximately 0.0% of the company’s stock are short sold.

Sumitomo Heavy Stock Down 0.1%

Shares of OTCMKTS:SOHVY traded down $0.01 during mid-day trading on Wednesday, hitting $7.97. 2,498 shares of the company traded hands, compared to its average volume of 700. The firm has a market cap of $3.83 billion, a P/E ratio of 14.76 and a beta of 0.47. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.12 and a current ratio of 1.94. Sumitomo Heavy has a 52-week low of $6.28 and a 52-week high of $10.16. The firm’s 50 day simple moving average is $9.02 and its 200 day simple moving average is $8.62.

Sumitomo Heavy (OTCMKTS:SOHVY) last issued its quarterly earnings data on Friday, October 30th. The company reported $0.19 earnings per share (EPS) for the quarter. Sumitomo Heavy had a net margin of 3.45% and a return on equity of 6.91%. The company had revenue of $1.76 billion during the quarter.

Sumitomo Heavy Company Profile

Sumitomo Heavy Industries, Ltd. is a Japanese manufacturer of industrial machinery and equipment. Its products include plastic injection molding machines, precision gearboxes and motion-control systems, construction machinery such as excavators, and equipment for industrial production and energy applications. The company traces its roots to a machinery repair shop established in 1888 to serve the Besshi copper mine. It has since expanded into a broad range of machinery and technology businesses, including industrial presses, material-handling systems, and equipment used in semiconductor manufacturing and medical applications.