Sumitomo Heavy (OTCMKTS:SOHVY) Stock Short Interest Report for October

Sumitomo Heavy (OTCMKTS:SOHVY) was the recipient of a significant increase in short interest in October. As of October 30th, there was short interest totaling 1,398 shares, an increase of 406.5% from the October 15th total of 276 shares. Based on an average trading volume of 615 shares, the days-to-cover ratio is presently 2.3 days. Approximately 0.0% of the company’s stock are short sold.

Sumitomo Heavy Stock Performance

Shares of Sumitomo Heavy stock traded down $0.85 during midday trading on Friday, hitting $7.63. The company had a trading volume of 564 shares, compared to its average volume of 1,086. The company has a fifty day simple moving average of $9.01 and a 200 day simple moving average of $8.63. The stock has a market cap of $3.67 billion, a price-to-earnings ratio of 14.13 and a beta of 0.47. The company has a quick ratio of 1.12, a current ratio of 1.94 and a debt-to-equity ratio of 0.18. Sumitomo Heavy has a 12-month low of $6.28 and a 12-month high of $10.16.

Sumitomo Heavy (OTCMKTS:SOHVY) last issued its quarterly earnings results on Friday, October 30th. The company reported $0.19 earnings per share (EPS) for the quarter. Sumitomo Heavy had a net margin of 3.45% and a return on equity of 6.91%. The business had revenue of $1.76 billion for the quarter.

About Sumitomo Heavy

Sumitomo Heavy Industries, Ltd. is a Japanese manufacturer of industrial machinery and equipment. Its products include plastic injection molding machines, precision gearboxes and motion-control systems, construction machinery such as excavators, and equipment for industrial production and energy applications. The company traces its roots to a machinery repair shop established in 1888 to serve the Besshi copper mine. It has since expanded into a broad range of machinery and technology businesses, including industrial presses, material-handling systems, and equipment used in semiconductor manufacturing and medical applications.