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

Sumitomo Mitsui Trust Holdings, Inc. (OTCMKTS:SUTNY) was the recipient of a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 38,295 shares, an increase of 65.8% from the June 30th total of 23,097 shares. Based on an average daily volume of 274,559 shares, the short-interest ratio is currently 0.1 days.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Sumitomo Mitsui Trust from a “strong sell” rating to a “hold” rating in a research report on Friday, July 10th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold”.

Sumitomo Mitsui Trust Stock Down 1.9%

Sumitomo Mitsui Trust stock opened at $8.11 on Friday. Sumitomo Mitsui Trust has a 12-month low of $5.05 and a 12-month high of $8.72. The firm’s fifty day moving average price is $7.68 and its 200 day moving average price is $7.08.

Sumitomo Mitsui Trust (OTCMKTS:SUTNY) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.23 earnings per share for the quarter.

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.