Sumitomo Heavy Industries, Ltd. (OTCMKTS:SOHVY) Sees Large Growth in Short Interest

Sumitomo Heavy Industries, Ltd. (OTCMKTS:SOHVY) was the recipient of a large growth in short interest in the month of March. As of March 15th, there was short interest totalling 10,100 shares, a growth of 3,266.7% from the February 28th total of 300 shares. Based on an average daily volume of 4,200 shares, the short-interest ratio is presently 2.4 days. Currently, 0.0% of the shares of the company are short sold.

Sumitomo Heavy Industries Stock Performance

Shares of SOHVY remained flat at $5.45 during mid-day trading on Thursday. The stock has a market cap of $2.62 billion, a P/E ratio of 77.86 and a beta of 0.15. The company has a quick ratio of 0.98, a current ratio of 1.84 and a debt-to-equity ratio of 0.16. The company has a 50-day moving average of $5.28 and a two-hundred day moving average of $5.48. Sumitomo Heavy Industries has a one year low of $4.87 and a one year high of $7.06.

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

About Sumitomo Heavy Industries

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.