Short Interest in Sumitomo Mitsui Trust Holdings, Inc. (OTCMKTS:SUTNY) Expands By 53.3%

Sumitomo Mitsui Trust Holdings, Inc. (OTCMKTS:SUTNY) saw a significant growth in short interest during the month of August. As of August 14th, there was short interest totaling 48,198 shares, a growth of 53.3% from the July 30th total of 31,439 shares. Based on an average daily volume of 253,171 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are short sold.

Sumitomo Mitsui Trust Price Performance

Shares of OTCMKTS:SUTNY opened at $5.49 on Tuesday. The company has a market cap of $30.69 billion and a PE ratio of 12.73. The company’s 50 day moving average is $6.94 and its 200 day moving average is $6.92. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 3.72. Sumitomo Mitsui Trust has a twelve month low of $3.18 and a twelve month high of $5.72.

Sumitomo Mitsui Trust (OTCMKTS:SUTNY) last posted its earnings results on Thursday, July 30th. The company reported $0.23 EPS for the quarter. The firm had revenue of $4.93 billion for the quarter, compared to analyst estimates of $1.33 billion. Sumitomo Mitsui Trust had a return on equity of 10.45% and a net margin of 11.81%. On average, sell-side analysts forecast that Sumitomo Mitsui Trust will post 0.46 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.