Short Interest in Sumitomo Heavy Industries, Ltd. (OTCMKTS:SOHVY) Declines By 90.0%

Sumitomo Heavy Industries, Ltd. (OTCMKTS:SOHVY) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totalling 100 shares, a drop of 90.0% from the August 15th total of 1,000 shares. Based on an average daily trading volume, of 100 shares, the days-to-cover ratio is currently 1.0 days.

Analyst Ratings Changes

Separately, Citigroup upgraded Sumitomo Heavy Industries to a “hold” rating in a report on Monday, August 26th.

Sumitomo Heavy Industries Price Performance

SOHVY stock remained flat at $5.89 during midday trading on Friday. The company has a current ratio of 1.98, a quick ratio of 1.06 and a debt-to-equity ratio of 0.17. Sumitomo Heavy Industries has a 12 month low of $5.05 and a 12 month high of $7.67. The firm has a fifty day simple moving average of $6.07 and a two-hundred day simple moving average of $6.69. The firm has a market capitalization of $2.88 billion, a price-to-earnings ratio of 12.52 and a beta of 0.25.

Sumitomo Heavy Industries (OTCMKTS:SOHVY) last posted its earnings results on Thursday, August 8th. The company reported $0.13 earnings per share for the quarter. Sumitomo Heavy Industries had a net margin of 3.09% and a return on equity of 8.00%. The business had revenue of $1.70 billion for the quarter. As a group, research analysts anticipate that Sumitomo Heavy Industries will post 0.63 earnings per share for the current year.

Sumitomo Heavy Industries Company Profile

Sumitomo Heavy Industries, Ltd. manufactures and sells general machinery, advanced precision machinery, construction machinery, ships, and environmental plant facilities in Japan and internationally. Its Mechatronics segment offers gearmotors, gearboxes, motion control drives, motors and inverters, drive solutions, precision positioning equipment, laser systems, control systems, motion components, and collaborative robot.