Sumitomo Heavy Industries, Ltd. (OTCMKTS:SOHVY) Short Interest Update

Sumitomo Heavy Industries, Ltd. (OTCMKTS:SOHVY) saw a significant increase in short interest in November. As of November 30th, there was short interest totalling 2,700 shares, an increase of 200.0% from the November 15th total of 900 shares. Based on an average daily volume of 1,600 shares, the days-to-cover ratio is currently 1.7 days.

Analysts Set New Price Targets

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

Sumitomo Heavy Industries Price Performance

OTCMKTS:SOHVY remained flat at $5.30 during mid-day trading on Wednesday. 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 52 week low of $4.90 and a 52 week high of $7.67. The firm’s 50 day moving average price is $5.67 and its 200-day moving average price is $6.01. The stock has a market capitalization of $2.61 billion, a P/E ratio of 19.63 and a beta of 0.22.

Sumitomo Heavy Industries (OTCMKTS:SOHVY) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.02 EPS for the quarter. The firm had revenue of $1.69 billion during 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.