Short Interest in Sumitomo Heavy (OTCMKTS:SOHVY) Drops By 66.7%

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 significant decrease in short interest in July. As of July 31st, there was short interest totaling 200 shares, adecreaseof66.7% 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 company's shares are sold short. Approximately0.0% of the company's shares are sold short. Based on an average daily volume of 300 shares, the short-interest ratio is presently 0.7 days.

Sumitomo Heavy Stock Up 5.6%

Shares of OTCMKTS SOHVY traded up $0.2950 during mid-day trading on Thursday, hitting $5.5950. The company had a trading volume of 100 shares, compared to its average volume of 26. The company has a market capitalization of $2.69 billion, a PE ratio of -186.50 and a beta of 0.23. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.83 and a quick ratio of 1.03. Sumitomo Heavy has a 1-year low of $4.6550 and a 1-year high of $6.47. The business's 50-day simple moving average is $5.23 and its 200 day simple moving average is $5.15.

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

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.