Sumitomo Heavy (OTCMKTS:SOHVY) Short Interest Update

Sumitomo Heavy (OTCMKTS:SOHVY) saw a large drop in short interest in September. As of September 15th, there was short interest totaling 410 shares, a drop of 54.8% from the August 31st total of 908 shares. Based on an average daily trading volume, of 1,145 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.0% of the company’s shares are sold short.

Sumitomo Heavy Price Performance

SOHVY stock remained flat at $9.46 during mid-day trading on Tuesday. 164 shares of the company’s stock were exchanged, compared to its average volume of 314. The stock has a market cap of $4.55 billion, a P/E ratio of 16.89 and a beta of 0.42. The business has a 50 day moving average of $8.97 and a 200 day moving average of $8.51. Sumitomo Heavy has a twelve month low of $5.95 and a twelve month high of $10.16. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.94 and a quick ratio of 1.12.

Sumitomo Heavy (OTCMKTS:SOHVY) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.23 earnings per share for the quarter. The firm had revenue of $1.87 billion during the quarter. Sumitomo Heavy had a net margin of 3.59% and a return on equity of 6.18%.

Sumitomo Heavy Company Profile

Sumitomo Heavy Industries, Ltd. is a Japan-based manufacturer of industrial machinery and equipment. The company develops and supplies products including power-transmission systems, gearboxes and reducers, injection-molding machines, construction machinery, material-handling equipment, industrial presses, and equipment used in semiconductor and medical applications.

Its business also includes energy-related equipment, environmental systems, precision machinery, and machinery for transportation and logistics.