Sumitomo Heavy (OTCMKTS:SOHVY) Short Interest Update

Sumitomo Heavy (OTCMKTS:SOHVY) was the recipient of a large decline in short interest in May. As of May 15th, there was short interest totaling 668 shares, a decline of 61.3% from the April 30th total of 1,726 shares. Based on an average daily trading volume, of 1,348 shares, the days-to-cover ratio is presently 0.5 days. Currently, 0.0% of the company’s stock are sold short.

Sumitomo Heavy Stock Performance

Shares of SOHVY stock opened at $8.00 on Friday. Sumitomo Heavy has a 12 month low of $4.95 and a 12 month high of $10.16. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.92 and a quick ratio of 1.12. The firm has a market capitalization of $3.85 billion, a P/E ratio of 17.39 and a beta of 0.42. The company’s fifty day moving average price is $8.24 and its two-hundred day moving average price is $7.84.

Sumitomo Heavy (OTCMKTS:SOHVY) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $999.00 EPS for the quarter. Sumitomo Heavy had a net margin of 2.98% and a return on equity of 4.87%. The firm had revenue of $1.63 billion for the quarter.

About Sumitomo Heavy

Sumitomo Heavy Industries, Ltd. (OTCMKTS: SOHVY) is a Japanese multinational manufacturer specializing in a broad range of industrial machinery and heavy equipment. Headquartered in Tokyo, the company operates as a core member of the Sumitomo Group, a major keiretsu with roots dating back to the early Meiji era. Sumitomo Heavy serves diverse markets by developing and producing advanced systems for material processing, energy generation, environmental management and transportation.

The company’s product portfolio encompasses industrial machinery such as metal‐forming presses, injection molding machines and power transmission systems.