Sumitomo Heavy Industries, Ltd. (OTCMKTS:SOHVY) Sees Large Decrease in Short Interest

Sumitomo Heavy Industries, Ltd. (OTCMKTS:SOHVY) saw a significant decline in short interest in December. As of December 31st, there was short interest totalling 1,300 shares, a decline of 51.9% from the December 15th total of 2,700 shares. Based on an average daily volume of 1,600 shares, the days-to-cover ratio is currently 0.8 days.

Sumitomo Heavy Industries Stock Performance

Sumitomo Heavy Industries stock remained flat at $4.87 during midday trading on Thursday. The company has a 50 day simple moving average of $5.27 and a 200 day simple moving average of $5.78. Sumitomo Heavy Industries has a one year low of $4.87 and a one year high of $7.67. The company has a quick ratio of 1.06, a current ratio of 1.98 and a debt-to-equity ratio of 0.17.

Sumitomo Heavy Industries (OTCMKTS:SOHVY) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.02 EPS for the quarter. The firm had revenue of $1.69 billion for the quarter. Sumitomo Heavy Industries had a net margin of 2.08% and a return on equity of 6.28%.

About Sumitomo Heavy Industries

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.