Short Interest in Sumitomo Heavy Industries, Ltd. (OTCMKTS:SOHVY) Grows By 800.0%

Sumitomo Heavy Industries, Ltd. (OTCMKTS:SOHVY) saw a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 900 shares, an increase of 800.0% from the October 31st total of 100 shares. Based on an average daily volume of 1,000 shares, the short-interest ratio is presently 0.9 days.

Sumitomo Heavy Industries Stock Performance

OTCMKTS:SOHVY remained flat at $5.30 during trading hours on Wednesday. Sumitomo Heavy Industries has a twelve month low of $4.90 and a twelve month high of $7.67. The stock’s fifty day moving average price is $5.78 and its 200 day moving average price is $6.13. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.98 and a quick ratio of 1.06.

Sumitomo Heavy Industries (OTCMKTS:SOHVY) last posted its earnings results on Thursday, October 31st. The company reported $0.02 earnings per share for the quarter. Sumitomo Heavy Industries had a net margin of 2.08% and a return on equity of 6.28%. The firm had revenue of $1.69 billion during the quarter.

Analyst Upgrades and Downgrades

Separately, Citigroup raised shares of Sumitomo Heavy Industries to a “hold” rating in a research note on Monday, August 26th.

Sumitomo Heavy Industries 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.