Sumitomo Mitsui Trust Holdings, Inc. (OTCMKTS:SUTNY) Sees Significant Decrease in Short Interest

Sumitomo Mitsui Trust Holdings, Inc. (OTCMKTS:SUTNY) was the target of a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 17,484 shares, a decline of 90.2% from the May 31st total of 178,603 shares. Based on an average daily volume of 797,649 shares, the short-interest ratio is currently 0.0 days.

Sumitomo Mitsui Trust Stock Performance

Shares of SUTNY opened at $7.40 on Friday. Sumitomo Mitsui Trust has a 12 month low of $5.05 and a 12 month high of $7.97. The stock has a fifty day moving average price of $7.10 and a 200 day moving average price of $6.75.

Sumitomo Mitsui Trust (OTCMKTS:SUTNY) last posted its earnings results on Thursday, June 11th. The company reported $999.00 earnings per share (EPS) for the quarter. The company had revenue of $4.88 billion during the quarter.

Analyst Ratings Changes

Separately, Zacks Research downgraded Sumitomo Mitsui Trust from a “hold” rating to a “strong sell” rating in a research report on Thursday, June 11th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Sumitomo Mitsui Trust has an average rating of “Sell”.

Sumitomo Mitsui Trust Company Profile

Sumitomo Mitsui Trust Holdings, Inc, known internationally under the ticker OTCMKTS:SUTNY, is Japan’s largest trust banking group, offering a broad array of fiduciary and financial services. Headquartered in Tokyo, the company operates through a network of domestic branches and overseas offices in Asia, Europe and North America to serve institutional investors, corporates and private clients.

The group’s core activities span trust banking, asset management, real estate services and wholesale banking.