Sumitomo Heavy (OTCMKTS:SOHVY) Short Interest Update

Key Points

• Sumitomo Heavy experienced a significant drop in short interest, declining to 100 shares as of September 30, a 66.7% decrease from the previous total of 300 shares.
• The company's stock rose by 1.2% to $6.18 with a market cap of $2.97 billion and a P/E ratio of -206.00.
• Sumitomo Heavy reported $1.75 billion in revenue for its last quarter, with an EPS of $0.10 and a negative net margin of 0.29%.

Sumitomo Heavy (OTCMKTS:SOHVY - Get Free Report) was the recipient of a large drop in short interest in September. As of September 30th, there was short interest totaling 100 shares, a drop of 66.7% from the September 15th total of 300 shares. Based on an average trading volume of 2,600 shares, the days-to-cover ratio is presently 0.0 days. Based on an average trading volume of 2,600 shares, the days-to-cover ratio is presently 0.0 days.

Sumitomo Heavy Stock Up 1.2%

SOHVY stock opened at $6.18 on Friday. The company has a market cap of $2.97 billion, a price-to-earnings ratio of -206.00 and a beta of 0.24. The company has a fifty day moving average price of $5.72 and a 200 day moving average price of $5.29. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.97 and a quick ratio of 1.08. Sumitomo Heavy has a 12 month low of $4.66 and a 12 month high of $6.39.

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