Sumitomo Mitsui Trust Holdings, Inc. (OTCMKTS:SUTNY) Shares Shorted: Short Interest Up 707.1% in October

Key Points

• Short interest surged 707.1% in October to 255,253 shares, up from 31,625 shares at the end of September. Despite the increase, short interest represents 0.0% of shares outstanding, with a days-to-cover ratio of 0.8.
• Sumitomo Mitsui Trust shares opened at $5.16, within a 52-week range of $3.36 to $5.96. The company has a $28.86 billion market capitalization and trades at a price-to-earnings ratio of 12.14.
• The company reported quarterly earnings of $0.23 per share and $4.93 billion in revenue. Analyst sentiment remains neutral, with the stock holding an average “Hold” rating after Zacks upgraded it from “Strong Sell.”

Sumitomo Mitsui Trust Holdings, Inc. (OTCMKTS:SUTNY - Get Free Report) was the recipient of a large growth in short interest in October. As of October 15th, there was short interest totaling 255,253 shares, a growth of 707.1% from the September 30th total of 31,625 shares. Based on an average daily volume of 338,734 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.0% of the company's stock are sold short.

Sumitomo Mitsui Trust Trading Up 0.0%

OTCMKTS:SUTNY opened at $5.16 on Tuesday. The company has a market capitalization of $28.86 billion and a PE ratio of 12.14. Sumitomo Mitsui Trust has a 52-week low of $3.36 and a 52-week high of $5.96. The stock's 50 day moving average price is $5.52 and its 200 day moving average price is $6.61. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 3.72.

Sumitomo Mitsui Trust (OTCMKTS:SUTNY - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.23 earnings per share for the quarter. The company had revenue of $4.93 billion during the quarter, compared to analysts' expectations of $1.33 billion. Sumitomo Mitsui Trust had a return on equity of 10.45% and a net margin of 11.81%. On average, research analysts anticipate that Sumitomo Mitsui Trust will post 0.49 EPS for the current year.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Sumitomo Mitsui Trust from a "strong sell" rating to a "hold" rating in a research note on Friday, July 10th. One analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the company presently has an average rating of "Hold".

About Sumitomo Mitsui Trust

Sumitomo Mitsui Trust Holdings, Inc is a Japanese financial services holding company and the parent of Sumitomo Mitsui Trust Bank. The group provides banking, trust, asset management, securities, and related financial services to individuals, corporations, institutional investors, and other clients.

Its businesses include retail and commercial banking, wealth management, pension and investment management, securities services, asset custody, real estate services, and investment banking.

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