Short Interest in Sumitomo Heavy (OTCMKTS:SOHVY) Grows By 50.0%

Key Points

• Short interest in Sumitomo Heavy saw a significant increase of 50.0% in August, rising from 200 shares to 300 shares.
• The company's stock opened at $5.60 and has a market cap of $2.69 billion, with a P/E ratio of -186.50.
• Sumitomo Heavy reported earnings of $0.10 per share for the quarter, alongside revenues of $1.75 billion, indicating a return on equity of 3.86% and a negative net margin of 0.29%.

Sumitomo Heavy (OTCMKTS:SOHVY - Get Free Report) was the recipient of a significant growth in short interest in August. As of August 31st, there was short interest totaling 300 shares, a growth of 50.0% from the August 15th total of 200 shares. Based on an average daily volume of 100 shares, the short-interest ratio is presently 3.0 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 100 shares, the short-interest ratio is presently 3.0 days.

Sumitomo Heavy Price Performance

OTCMKTS:SOHVY traded down $0.03 during mid-day trading on Friday, hitting $5.93. The company's stock had a trading volume of 3,677 shares, compared to its average volume of 19. The company has a market capitalization of $2.85 billion, a price-to-earnings ratio of -197.67 and a beta of 0.23. The stock has a fifty day moving average of $5.47 and a 200-day moving average of $5.22. The company has a current ratio of 1.97, a quick ratio of 1.08 and a debt-to-equity ratio of 0.21. Sumitomo Heavy has a fifty-two week low of $4.66 and a fifty-two week high of $6.47.

Sumitomo Heavy (OTCMKTS:SOHVY - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.10 earnings per share (EPS) for the quarter. The company had revenue of $1.75 billion during the quarter. Sumitomo Heavy had a negative net margin of 0.29% and a positive return on equity of 3.86%.

Sumitomo Heavy 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.