Short Interest in Sumitomo Heavy Industries, Ltd. (OTCMKTS:SOHVY) Decreases By 80.0%

Sumitomo Heavy Industries, Ltd. (OTCMKTS:SOHVY) saw a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 300 shares, a decline of 80.0% from the February 13th total of 1,500 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 100 shares, the short-interest ratio is presently 3.0 days.

Sumitomo Heavy Industries Price Performance

SOHVY remained flat at $5.42 during midday trading on Thursday. The firm has a market capitalization of $2.61 billion, a PE ratio of 77.43 and a beta of 0.15. The company has a current ratio of 1.84, a quick ratio of 0.98 and a debt-to-equity ratio of 0.16. The company has a fifty day moving average of $5.15 and a two-hundred day moving average of $5.49. Sumitomo Heavy Industries has a one year low of $4.87 and a one year high of $7.38.

Sumitomo Heavy Industries (OTCMKTS:SOHVY) last posted its earnings results on Friday, February 14th. The company reported $0.14 earnings per share (EPS) for the quarter. Sumitomo Heavy Industries had a net margin of 0.73% and a return on equity of 5.42%. The business had revenue of $1.96 billion for the quarter.

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.