Sumitomo Heavy (OTCMKTS:SOHVY) Sees Large Decline in Short Interest

Key Points

• Short interest in Sumitomo Heavy experienced a significant decline of 66.7%, dropping to 200 shares as of July 31st, from 600 shares on July 15th.
• The company's stock price has remained stable at $5.30 with a 12-month range between $4.66 and $6.47.
• For the most recent quarter, Sumitomo Heavy reported earnings of $0.10 per share, along with revenue of $1.75 billion and a negative net margin of 0.29%.

Sumitomo Heavy (OTCMKTS:SOHVY - Get Free Report) saw a large drop in short interest during the month of July. As of July 31st, there was short interest totaling 200 shares, adropof66.7% from the July 15th total of 600 shares. Based on an average daily volume of 300 shares, the short-interest ratio is presently 0.7 days. Approximately0.0% of the shares of the stock are sold short. Approximately0.0% of the shares of the stock are sold short. Based on an average daily volume of 300 shares, the short-interest ratio is presently 0.7 days.

Sumitomo Heavy Stock Performance

Shares of SOHVY remained flat at $5.30 during midday trading on Friday. Sumitomo Heavy has a twelve month low of $4.66 and a twelve month high of $6.47. The stock's 50-day moving average is $5.21 and its two-hundred day moving average is $5.15. The company has a current ratio of 1.83, a quick ratio of 1.03 and a debt-to-equity ratio of 0.18. The firm has a market cap of $2.55 billion, a PE ratio of -176.67 and a beta of 0.22.

Sumitomo Heavy (OTCMKTS:SOHVY - Get Free Report) last posted its earnings results on Tuesday, August 5th. The company reported $0.10 earnings per share for the quarter. Sumitomo Heavy had a positive return on equity of 3.89% and a negative net margin of 0.29%. The firm had revenue of $1.75 billion for the quarter.

About Sumitomo Heavy

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.

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