Sumitomo Heavy Industries, Ltd. (OTCMKTS:SOHVY) Short Interest Up 3,266.7% in March

Sumitomo Heavy Industries, Ltd. (OTCMKTS:SOHVY) was the recipient of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 10,100 shares, a growth of 3,266.7% from the February 28th total of 300 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 4,200 shares, the short-interest ratio is presently 2.4 days.

Sumitomo Heavy Industries Stock Performance

SOHVY stock opened at $5.45 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.84 and a debt-to-equity ratio of 0.16. The firm has a market cap of $2.62 billion, a PE ratio of 77.86 and a beta of 0.15. The business has a 50 day moving average of $5.29 and a 200-day moving average of $5.48. Sumitomo Heavy Industries has a 12-month low of $4.87 and a 12-month high of $7.06.

Sumitomo Heavy Industries (OTCMKTS:SOHVY) last announced its quarterly earnings data on Friday, February 14th. The company reported $0.14 earnings per share (EPS) for the quarter. The firm had revenue of $1.96 billion during the quarter. Sumitomo Heavy Industries had a return on equity of 5.42% and a net margin of 0.73%.

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.